Stock Ticker

Tesla’s first-quarter deliveries slump amid weak demand, Musk controversy

Tesla announced on Wednesday that its first-quarter deliveries dropped 13% amid slowing consumer demand for electric vehicles (EVs) and controversy surrounding CEO Elon Musk’s political involvement in the Trump administration.

The automaker delivered 336,681 vehicles in the first quarter, a decline from 386,810 units a year ago. Expectations were for Tesla to deliver about 372,410 vehicles in the quarter, based on an average estimate of 15 analysts from Visible Alpha.

Tesla’s sluggish sales show the company’s brand is under pressure over a lack of updates to its vehicle lineup in recent years, as well as Musk’s work with President Donald Trump and public support for similar political movements in other countries. 

Tesla at a dealership

Tesla sales came in nearly 40,000 vehicles below expectations. (David Paul Morris/Bloomberg via Getty Images / Getty Images)

Protests have erupted at Tesla dealerships in the U.S. and Europe as well as cases of vandalism of Tesla vehicles. FBI Director Kash Patel posted on X that the incidents of attacks on Tesla owners are being treated as “domestic terrorism.”

Reuters contributed to this report.

This is a developing story. Please check back for updates.

Source link

Get RawNews Daily

Stay informed with our RawNews daily newsletter email

Tesla’s first-quarter deliveries slump amid weak demand, Musk controversy

Indian Markets React to U.S. Tariffs and Challenges for Investors

The Opener: Braves, Dodgers, Padres, Tucker

Barcelona president Laporta slams La Liga and suggests they are ‘trying to destabilise’ club