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Tesla Figures Expected to Show Sales Slump in Musk Backlash
The Guardian
|March 31, 2025
Tesla investors are bracing themselves for evidence of declining global demand this week as the electric carmaker battles headwinds including a consumer backlash against its chief executive, Elon Musk.
On Wednesday, the US company will release data for first-quarter deliveries – a proxy for sales – that is expected to show a dip on the same period last year. The figures follow global protests over the weekend against Musk and Tesla, targeting the carmaker's showrooms.
Analysts have been lowering their forecasts amid evidence that Musk's senior role in the Trump administration has damaged the Tesla brand.
Dan Ives, managing director at the US financial firm Wedbush Securities and a self-avowed Tesla "core bull", forecast deliveries to come in at between 355,000 and 360,000, a fall of 7% on the same period last year and down from initial predictions across Wall Street of 400,000.
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