Tesla sales plunge
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Inc. |
Consumers are showing a growing distaste for the company under the leadership of Elon Musk, with vehicle deliveries braking well short of projections.
Business Insider |
Protests have targeted Tesla showrooms, with some charging stations and vehicles vandalized.
The Motley Fool |
Wells Fargo analyst Colin Langan, meanwhile, has been far more critical of the stock, with an "underweight" rating and $130 price target on it.
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Related: Tesla Q1 deliveries tumble as Elon Musk's political role hammers sales "This Wisconsin Supreme Court race might decide the future of America and Western Civilization!" Musk said. "It's a big deal.
Tesla's quarterly sales plunged 13% to the weakest in nearly three years, hurt by a backlash against CEO Elon Musk's politics, rising global competition and people waiting for a refresh to its highest-selling electric vehicle Model Y.
Shares of Tesla fell more than 2% on Wednesday as the company recorded a bigger-than-expected drop in sales in the January-March period.
Tesla shares fell more than 5% on Wednesday, ending the EV maker's blistering rebound out of a prolonged slump.
Tesla reported almost 336,700 Q1 vehicle deliveries, missing analyst expectations. That's 13% lower YoY and the worst quarterly data since 2022.
4don MSN
Tesla is seeing softer demand for its electric vehicles amid protests over Elon Musk's government role at DOGE.
One of Wall Street’s most bearish Tesla Inc. analysts further reduced estimates for the company’s earnings, citing the magnitude of car-buyer backlash against Elon Musk.
Tesla’s stock closed higher Tuesday for the fifth straight day, a remarkable and sustained rally that has recaptured a quarter of the value it lost in the last three months. It may not last.
The effects of Tesla’s (TSLA) “unprecedented” brand damage have surprised even analysts at J.P. Morgan (JPM), who had already described the backlash against CEO Elon Musk as without equal in the history of the automotive industry.
Is Tesla losing its charge? The electric car company dropped in value as its CEO ramped up his involvement in the Trump administration.