Tesla sales drop as carmaker warns ‘political sentiment’ could impact future demand
Company sees 9% drop year over year as analysts conclude Elon Musk’s role in White House has caused branding crisisTesla saw a 9% drop in revenue year over year in the first quarter of 2025. The company brought in $19.3bn in revenue, well below Wall Street expectations of $21.45bn. The company reported an earnings per share of 27 cents, also well under investor expectations of 43 cents in earnings per share. Company sales plummeted in the first three months of the year. The company suffered a 13% drop in sales, making it the company’s worst quarter since 2022. Tesla closed the quarter with 336,681 vehicles delivered.Analysts attribute the company’s difficulties to a number of factors, but ultimately conclude Elon Musk’s role in the White House has caused a branding crisis for Tesla. The company is at a major crossroads, analysts say, that will only be remedied if Musk leaves his role in the so-called “department of government efficiency” and returns to Tesla as CEO full time. Continue reading...
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Company sees 9% drop year over year as analysts conclude Elon Musk’s role in White House has caused branding crisis
Tesla saw a 9% drop in revenue year over year in the first quarter of 2025. The company brought in $19.3bn in revenue, well below Wall Street expectations of $21.45bn. The company reported an earnings per share of 27 cents, also well under investor expectations of 43 cents in earnings per share. Company sales plummeted in the first three months of the year. The company suffered a 13% drop in sales, making it the company’s worst quarter since 2022. Tesla closed the quarter with 336,681 vehicles delivered.
Analysts attribute the company’s difficulties to a number of factors, but ultimately conclude Elon Musk’s role in the White House has caused a branding crisis for Tesla. The company is at a major crossroads, analysts say, that will only be remedied if Musk leaves his role in the so-called “department of government efficiency” and returns to Tesla as CEO full time. Continue reading...
