Tesla reported a significant decline in deliveries and sales in the first quarter of the year, with a 13% year-to-date drop. The company delivered 336,681 vehicles, falling short of analyst predictions and marking the lowest in nearly three years. Contributing factors include factory closures for updates, significant unsold vehicle inventory, and a sharp 49% decrease in sales in Europe amid boycotts related to Elon Musk's political views. The stock rebounded slightly following rumors of Musk potentially distancing himself from the Trump administration, as frustration among his political allies grows.
Tesla's first-quarter sales dropped significantly, delivering only 336,681 cars compared to 387,000 the previous year, marking its worst performance in nearly three years.
In Europe, Tesla faced a 49% sales decline while overall EV sales increased by 28%, indicating a serious loss of market share alongside consumer boycotts.
Collection
[
|
...
]