Palantir's stock slid 12% today, denting its meteoric start to the year, despite the AI data software giant raising its outlook on revenue and adjusted operating income yesterday.

• When valuations grow large, so do expectations.

Between the lines: Investors zeroed in on a pullback in international commercial revenue, potentially signaling the rapidly expanding company is running into growth constraints.

• The stock's rapid ascent might also have prompted some profit taking: Mizuho analyst Gregg Moskowitz said Palantir's share price was "very difficult to justify," and Raymond James analyst Brian Gesuale said Palantir needs to "grow into its rich valuation," CNBC reported.

🔥 Context: Palantir has enjoyed a blistering year, with its stock rising over 330% over the last 12 months. Huge expectations around its opportunity in artificial intelligence earned the company the moniker "Messi of AI" from one analyst in reference to the Argentinian soccer legend.

Zoom in: Stock slide aside, there was still news for Palantir bulls to hang their hats on yesterday:

• The company's "U.S. business is on fire," CEO Alex Karp said on an earnings call. "Both the adoption and the rate of product development has exceeded expectations."
• Tech bull analyst Dan Ives of Wedbush Securities — who gave Palantir the Messi nickname — today raised his price target from $120 to $140.
• Ives said the company is "seeing significant traction across both enterprise and federal landscapes" with its AI platform.

Tesla's European sales crisis deepened in April.

By the numbers: Tesla sales fell 81% year-over-year in Sweden, 74% in the Netherlands, 67% in Denmark and 62% in the U.K., according to industry association figures compiled by Bloomberg.

• They also fell 59% in France, 55% in Belgium, 46% in Germany and 36% in Spain.

The big picture: European customers are turning away from the brand after CEO Elon Musk became an outspoken ally of President Trump.

• Musk acknowledged last month that the company was facing "some unexpected bumps this year" and blamed the "blowback" on people who are "receiving fraudulent money or they're the recipients of waste largesse."

💭 Nathan's thought bubble: Tesla's brand image is deteriorating at the same time that Chinese EV rival BYD is becoming a serious global competitor for the company.

• BYD outsold Tesla in Germany and the U.K. in April, according to EV news site Electrek.

🇬🇧 DoorDash agreed to buy British food delivery service Deliveroo in a deal valuing the takeover target at $3.9 billion. (CNBC)

🚗 Audi is making plans to move production of multiple vehicles to the U.S. to avoid Trump's tariffs. One likely site is the recently unionized plant in Chattanooga, Tennessee, owned by Audi parent company Volkswagen Group. (Automotive News)

🏨 Marriott lowered its projected range for revenue per available room, a key metric in the hotel industry. But the company also sounded more bullish on travel than airlines. (Bloomberg)

Instacart is launching an alcohol-and-snacks delivery app geared toward younger partiers.

🍺 State of play: The new app, Fizz, is "tailor-made for groups," allowing people to place a collective order and pay for their items separately, Instacart said.

• "It takes just one tap to invite others into your Fizz cart, so everyone can choose what they want to bring," according to the company. "Everything is delivered right when you need it, no matter how many people participate, with no membership required."

Zoom in: Retailers already on Instacart will be able to sell drinks and food to customers via Fizz.

• "The push to attract price-conscious younger users is another step by Instacart to diversify beyond its typical demographic of suburban shoppers who tend to place weekly big-basket orders," Bloomberg reported.

The intrigue: Delivery people will check IDs on alcohol orders.