Tesla's recent report showed a disappointing 336,681 deliveries in a quarter, its worst performance in over two years. The decline is linked to CEO Elon Musk's controversial political involvement, particularly his support for the far-right AfD party in Germany. As this backlash intensified, Tesla saw a staggering 49% drop in European sales, with Germany facing a 76% decline. Analysts had anticipated higher delivery numbers but downgraded expectations amid protests and challenges in international markets, as Tesla grapples with overcoming the negative effects of Musk's political affiliations on its brand image.
Tesla's recent quarterly delivery drop to 336,681 reflects growing backlash against CEO Elon Musk's political activities, raising concerns about sustainability and market performance.
The automaker's production of 362,615 units has declined partly due to switching production lines for the Model Y refresh, amidst overall sales and political controversies.
As sales in Europe fell by 49% year-over-year and faced a steep decline in Germany, concerns surfaced about Musk's political endorsements impacting Tesla's reputation.
Despite overall EV sales growth in Europe, Tesla has struggled significantly with a 76% decline in German sales, prompting calls for Musk to refocus on business.
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