Tesla sales fell in the first three months of the year in another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers.
Mr. Musk’s involvement in right-wing politics contributed to a 13% drop in deliveries in the first quarter, including steep declines in E.V.-friendly places like Norway.
Deliveries of Elon Musk's Tesla vehicles dropped about 13% compared to a year ago, according to a new release from the company. The decline comes amid criticism of Musk and increased competition. On Wednesday,
The timing of the lawsuit is interesting as it comes when Musk's other companies Starlink and Tesla have just begun making inroads into India with their business plans.
Tesla just announced its results for the first three months of 2025, and they represent the steepest sales decline in company history. Deliveries fell by 50,000 vehicles, to 336,681 cars, down 13% from the same period last year. It was Tesla’s worst quarter since 2022.
It also is a warning that the company’s first-quarter earnings report later this month could disappoint investors.
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Donald Trump has told his Cabinet that Elon Musk will be stepping down from DOGE in the next few weeks, according to a new report. The Tesla billionaire will be taking a backseat role as an adviser and moving back to take control of his ailing businesses, reports Politico.
The EV maker’s first-quarter deliveries fell 13 percent year-over-year as CEO Elon Musk led efforts to slash the federal government.
2don MSN
The Tesla CEO acknowledged his DOGE activities are impacting the electric vehicle maker's stock price amid boycotts and protests.