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- Tesla sales drop 13% in first quarter as Elon Musk backlash and aging models hurt demand
Tesla sales drop 13% in first quarter as Elon Musk backlash and aging models hurt demand
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According to recent reports, Tesla experienced a 13% decline in first-quarter auto sales, with global deliveries dropping to 336,681 units in the January-March period, down from 387,000 during the same period last year. This decline is attributed to various factors, including an aging vehicle line-up, increased competition, and backlash from CEO Elon Musk's endorsement of right-wing politics.
Shareholders are hoping Musk will now have the time to focus on rebuilding the Tesla brand.
The [Wall] Street and us knew a bad [first quarter] was coming but this was even worse than expected.
We are not going to look at these numbers with rose-coloured glasses.
Tesla
- Tesla dealerships targeted in series of attacks across the US with FBI investigating the incidents
- Donald Trump purchases a Tesla vehicle from Elon Musk during a meeting at the White House
- Tesla sales slump off the back of Elon Musk's alienating political views
sources
- 1.The Guardian
- 2.CTV News
- 3.The Times of India
- 4.Le Monde
- 5.ABC News (Australia)
- 6.CNA News
- 7.France 24
- 8.Agence France-Presse
- 9.Politico
- 10.Reuters
perspectives
- 1.US under Donald Trump
- 2.US Economy
- 3.Tech industry
- 4.Lawsuit
- 5.Billionaire
- 6.Twitter Takeover by Elon Musk
- 7.US-EU relations
- 8.Protectionism
- 9.Electric Cars
- 10.China-EU Relations
- 11.Automotive industry
countries
- 1.China
- 2.Germany
- 3.France
- 4.Sweden
- 5.United States
organizations
- 1.Tesla
- 2.FactSet Research
- 3.White House
- 4.Alternative for Germany
- 5.Build Your Dreams
- 6.Hargreaves Lansdown
- 7.Stock Trader Network
- 8.TechScape
- 9.Wedbush Securities
