Tesla records the worst deliveries in two years in the middle of Elon Musk Backlash
Tesla saved 336 681 DeliveriesIts worst quarterly performance in more than two years while the brand suffers from a backlash of the political maneuvers of the CEO Elon Musk.
The drop in sales occurs while musk continues HeadTHE “Consultative body” This has dismissed thousands of federal employees and tried to eliminate whole agencies and programs. His involvement in the government has not only proven controversial, but also unpopularThis has led a lot to wonder what effect it could have on Tesla’s sales.
Even one of the best Tesla supporters at Wall Street recently implored Musk to spend less time on politics and more time managing its companies.
Tesla also published production numbers of 362,615, which is down in previous periods in part due to the fact that the car manufacturer changed its production lines for the new refreshment of model Y.
Analysts expected an average of Tesla declares the deliveries of 408,000 electric vehicles for the period from January to March, by fact. Although in recent weeks, several analysts have downgraded their expectations to less than 400,000 like ‘Tesla Takedown‘ demonstrations broke out across the country and international sales have dropped.
Tesla does not break its delivery numbers by region, but sales in Europe and China fell in the first quarter.
In the first two months of the year, European sales dropped by 49% in annual shift, even if EV sales increased, according to the European Automobile manufacturer’s association.
In Germany – housing one of Tesla’s gigafactories and generally one of the largest EU markets in Tesla – these figures are even more down. In February, Tesla sales in Germany fell from 76% to only 1,429 units, against 6,038 in 2024. The drop in sales followed by Musk’s approval of the far -right AFD party in Germany in the national elections last month.
This trend followed throughout Europe in March, according to the first data published by certain countries. For example, the French Trade Association PFA declared 3159 Dellas from Tesla last month, down 37% compared to March 2024 and down 41% for the quarter. The story is similar in Sweden, where Tesla sales fell 64% in March.
Overall, in Europe, new sales of electric vehicles increased by 28.4%, capturing 15.2% of the total EU market share, even if the overall registrations on new cars have dropped.
Meanwhile in China, a key market for Tesla, sales of its Shanghai manufacturing cars fell in March in the middle of the byd competition, which Tesla outdated on income In 2024, and other local players like Geely. Tesla sold 78,828 electric vehicles in China in March, down 11.5% in annual shift, according to data from China Passenger because association. This represents the 30,688 cars purchased in February.
Tesla experienced the start of the year. Its stock has struck its lowest performance since 2022 in the middle of increasing pressures, increased the backlash against Musk and an aging range. Despite the popularity of the Cybertruck, it has not increased enough Tesla sales figures To turn things around.
Tesla probably hopes for her cooling model and Other potential upgrades To come this year will increase its sales figures. Earlier this week, Tesla started to offer 0% financing On the range of model updated in China. The company has also teased new mysterious models at a lower cost that he has not yet revealed.
