Tesla's stock is facing increasing pressure as analysts express concerns over the company's delivery estimates and overall market performance. Oppenheimer has noted a decline in Tesla's fundamentals, attributing part of the issue to consumer backlash against CEO Elon Musk's political activities and a decrease in 2025 sales expectations, which have been revised down to approximately 1.8 million vehicles. The company is also grappling with rising competition, particularly from manufacturers like BYD, which are offering cheaper and more advanced electric vehicles. The narrative surrounding Tesla's stock is expected to be dominated by concerns related to March deliveries, which many investors anticipate will fall short of expectations. As the sell-off continues, analysts are questioning whether upcoming sales data and the rollout of Tesla's robotaxi program can help shift the current negative sentiment.