Tesla's recent sales figures reveal a concerning trend, with deliveries dropping nearly 13% year-over-year, marking the company's lowest sales in three years. Various factors contribute to this decline, including heightened competition from companies like BYD and public backlash against CEO Elon Musk due to his political affiliations, specifically his controversial role within the Trump administration. Analysts are expressing concern over the brand's reputation, with calls for Musk's resignation gaining traction among investors. The combination of these pressures suggests ongoing challenges as Tesla navigates a volatile market landscape.
Tesla's sales have significantly declined, with a 13% drop compared to last year, attributed to leadership backlash against Elon Musk and growing market competition.
Experts highlight that Elon Musk's controversial political involvement may be impacting Tesla's brand perception, prompting calls for his removal as CEO amid falling sales.
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