Tesla (TSLA - Get Report)  is seeing some confusion among its interested buyers. 

The electric car company's customer deposits fell for the second straight quarter, with a drop of 7 percent sequentially to start the year. Tesla CEO Elon Musk tried to brush aside analyst concerns on a conference call that the company was experiencing cancellations due to people waiting for the Model 3 release in July. But, Musk did acknowledge some "confusion" among consumers between the Model 3 and the Model S, and promised to have the issue corrected within the coming weeks. He also emphasized the two cars are vastly different. 

Sort of sounds like what happened to Apple (AAPL - Get Report) in the first quarter, as CEO Tim Cook acknowledged a "pause" in sales of the iPhone 7 as people await the iPhone 8.

Tesla reported a net loss of $1.33 a share on Wednesday after the close trading, well shy of the 81 cents a share loss Wall Street expected. Total revenue clocked in at $2.7 billion, topping analyst projections for $2.62 billion.

Shares of Tesla only fell 1.8 percent to $305.43 in after-hours trading despite the massive earnings shortfall, as the company reiterated it still sees deliveries of 47,000 to 50,000 in the first half.

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