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Tesla sales plunge after Elon Musk backlash [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The electric car maker delivered almost 337,000 electric vehicles in the first three months of 2025, a 13% drop from a year ago. Tesla shares tumbled in early trading on Wednesday after the release of the unexpectedly low sales numbers. The cars face increasing competition from Chinese firm BYD, but experts believe Musk's controversial role in the Trump administration has had an effect too. Tesla's challenges run deeper than 'toxic' controversy around Elon Musk Democratic-backed judge wins Wisconsin race in setback for Elon Musk Musk wields his Doge chainsaw - but is a backlash brewing? The firm has blamed the sales drop on the transition to a new version of its most popular car. However some analysts have pointed the finger at Musk himself. "These numbers suck," early Tesla investor Ross Gerber of Gerber Kawasaki Wealth and Investment Management wrote on X. "The brand is broken and may not be fixable", added Mr Gerber, who was once a Musk supporter but has recently
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