In the first quarter, Tesla's deliveries dropped by 13% to 336,681, falling short of Wall Street's predicted 390,000. This decline is attributed partly to CEO Elon Musk's controversial political affiliations, notably with President Trump, which has sparked public backlash. Analysts describe the situation as a 'disaster on every metric,' with stock prices reflecting this downturn. Despite challenges, including production setbacks, Tesla expressed optimism about the continual ramp-up of the Model Y. The company's performance raises concerns regarding Musk's leadership amidst the crisis.
The disappointing delivery report was a 'disaster on every metric,' according to Wedbush analyst Dan Ives, a longtime Tesla bull.
Musk needs to stop this political firestorm and balance being CEO of Tesla with DOGE... this is a full-blown crisis Tesla is navigating now.
We remain firmly bullish on the long-term Tesla story but Musk needs to get his act together or else unfortunately darker times are ahead for Tesla.
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