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Tesla Car company reports 13% drop in sales
The Guardian
|April 03, 2025
Tesla reported a 13% drop in vehicle sales in the first three months of the year, making it the electric vehicle maker's worst quarter since 2022.
The decline is another sign that Elon Musk's once high-flying company is struggling to attract buyers.
The drop is probably due to a combination of factors including its ageing lineup, competition from rivals and a reaction to Musk's embrace of rightwing politics.
It is also a warning that the company's first-quarter earnings report later this month could disappoint investors.
Tesla reported deliveries of 336,681 vehicles globally in the January-March quarter.
Analysts polled by FactSet expected much higher deliveries of 408,000.
The figure was down from sales of 387,000 in the same period a year ago.
This story is from the April 03, 2025 edition of The Guardian.
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