Tesla reported a 13 percent decrease in year-over-year sales for Q1 2025, amid escalating concerns regarding Elon Musk's leadership amidst his involvement in the Trump administration. In total, the company delivered 336,681 vehicles, well below analysts' expectations of 377,592. This marks Tesla's worst performance in three years and resulted in a nearly 36 percent drop in stock value within the year, erasing over $460 billion from its market cap and affecting Musk's net worth significantly. External factors such as declining sales in Europe and challenges with the Model Y launch further exacerbated this downturn.
Tesla's sales fell a staggering 13 percent in the first quarter of 2025 year over year, deepening concerns about Elon Musk's leadership.
The report marks Tesla's worst production and delivery performance in three years, highlighting significant challenges amid a major product transition.
Analysts expected a rebound in deliveries to 377,592 vehicles, but the actual numbers drastically underwhelmed, indicating serious operational difficulties.
The production changeover for the refreshed Model Y significantly impacted deliveries, raising questions about Tesla's strategic direction.
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