14 sources·Business

Tesla Faces Significant Sales Decline Amidst Controversies and Rising Competition

Tesla's first-quarter sales have dropped 13% amid CEO Elon Musk's controversies, intense market competition, and changing consumer sentiment.

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  3. Tesla's first-quarter deliveries fall amid slow demand, Musk controversy

    Tesla's lead as the top EV-maker in the world is on the verge of being supplanted by China's BYD, which is projected to achieve a 15.7% market share of global EV sales, topping Tesla's 15.3% for the first time, according to Counterpoint Research.

    Tesla's first-quarter deliveries fall amid slow demand, Musk controversy

    Fox BusinessFox Business·1M
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  5. Axios

    Tesla's vehicle deliveries plunged 13% in the first quarter, compared with a year earlier, as the company faces a backlash over CEO Elon Musk's political actions.

    Axios

    AxiosAxios·1M
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  6. Tesla sales drop 13% in first quarter as Elon Musk backlash, aging models hurt demand

    The double-digit drop is likely due to a combination of factors, including its aging lineup, competition from rivals and a backlash from Musk’s embrace of right wing politics.

    Tesla sales drop 13% in first quarter as Elon Musk backlash, aging models hurt demand

    Boston HeraldBoston Herald·1M
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  7. Tesla quarterly sales slump 13% amid backlash against Elon Musk

    Tesla’s stock has plunged by roughly half since hitting a mid-December record as expectations of a lighter regulatory touch and big profits with Donald Trump as president were replaced by fear that the boycott of Musk’s cars and other problems could hit the company hard.

    Tesla quarterly sales slump 13% amid backlash against Elon Musk

    The GuardianThe Guardian·1M
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  8. Tesla sales drop 13% in first quarter as Elon Musk backlash and aging models hurt demand

    Tesla sales declined 13% in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers.

    Tesla sales drop 13% in first quarter as Elon Musk backlash and aging models hurt demand

    Associated PressAssociated Press·1M
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  9. New York threatens lawsuit against Tesla

    Violent attacks and negative attention toward Musk have taken a major financial toll on the company as Tesla stock has decreased in value by 40% over the last year.

    New York threatens lawsuit against Tesla

    Washington ExaminerWashington Examiner·1M
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  1. CNBC
  2. CBS News
  3. Fox Business
  4. NBC News
  5. Axios
  6. Boston Herald
  7. The Guardian
  8. Associated Press
  9. Washington Examiner
  10. Daily Caller
Updated: Apr 2nd, 2025, 12:38 PM ET

Summary

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Tesla reported a 13% decline in sales for Q1 2025, with 336,681 deliveries compared to 387,000 during the same period last year. This drop is attributed to an aging lineup, heightened competition from rivals like BYD, and backlash against CEO Elon Musk’s political involvement, causing significant reputational damage. Analysts had anticipated higher sales, predicting up to 408,000 deliveries. In Europe, Tesla's market share plummeted from 17.9% to 9.3%. The stock has suffered its worst quarter since 2022, losing 36%, a loss of $460 billion in market capitalization, signaling potential ongoing challenges for the automaker.

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Tesla Faces Significant Sales Decline Amidst Controversies and Rising Competition - Pano News