Tesla investors brace for another year of sales decline as backlash grows
- Tesla posted a 13% decline in quarterly deliveries, its weakest performance in nearly three years, this past Wednesday.
- This decline occurred despite CEO Elon Musk's pledge that Tesla would return to growth this year, leading to investor concern.
- Analysts point to brand damage and Musk's political activities as factors, while Tesla cites production line retooling for Model Y.
- Gene Munster of Deepwater stated on X that this delivery drop appears to be the result of recent brand problems.
- JPMorgan lowered its profit estimates, and Tesla shares closed down 5.5% on Thursday, contributing to a 45% drop from its peak.
33 Articles
33 Articles
Tesla's sales fell: what happened to Ford and General Motors
Since Elon Musk assumed his new role as head of the U.S. Department of Governmental Efficiency (DOGE), he became a central figure of the Trump administration. However, his measures to cut federal spending led to a series of protests and vandalism against Tesla’s vehicles. Amid criticism of his executive director, the manufacturer had a fall in his sales that put him behind Ford and General Motors. Tesla, who is going through its most critical mo…
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