MarketWatch First Take: Tesla and Elon Musk are creating a credibility problem

On the very day that Tesla Inc. Chief Executive Elon Musk faced a federal judge to argue that his tweets have not violated an agreement with U.S. regulators, the company’s recent data offered further proof that his words must be taken with a grain of salt.

Wednesday evening, after the close of both the regular trading and after-hours sessions, Tesla TSLA, -8.23% released its eagerly anticipated first-quarter vehicle-delivery data, and it wasn’t pretty. Tesla said it delivered 63,000 vehicles in the first quarter, while analysts had been expecting 76,000. Its stock tumbled about 8% in regular trading Thursday.

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