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Rivals rise as Musk backlash hits company
Financial Express Hyderabad
|July 03, 2025
BATTERY LOW
TESLA POSTED ANOTHER big drop in quarterly deliveries on Wednesday, putting it on course for its second straight annual sales decline as demand falters due to backlash over CEO Elon Musk's political stance and an aging vehicle lineup.
Still, shares of the electric automaker jumped 3% in early trading as the decline proved less severe than the bleakest analyst projections.
Tesla said it delivered 384,122 vehicles in the second quarter, down 13.5% from 443,956 units a year ago.
This story is from the July 03, 2025 edition of Financial Express Hyderabad.
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