Tesla's upcoming profit report is expected to reveal a decline in earnings for the first quarter of 2024, raising concerns over Elon Musk's leadership. Analysts predict a slight drop from last yearâs profit of $1.1 billion. The company faces declining sales due to fierce competition from Chinese manufacturers, an absence of new models, and political controversies linked to Musk. While still the most valuable automaker by stock price, Tesla has lost about half its value since December, alongside significant market share losses to other electric vehicle manufacturers. Global sales fell 13% from last year in early 2025.
Tesla's profits are expected to decline in the first quarter of 2024, intensifying scrutiny on Elon Musk's management amid falling sales and competition.
While Tesla retains the title of the most valuable automaker globally, its shares have halved since December, reflecting investor concerns over the company's future.
Amid increasing competition, Tesla's global sales plummeted by 13% in the first quarter of 2025 compared to the previous year, marking a significant downturn.
Elon Musk's involvement in politics may be influencing Tesla's market performance, driving away potential buyers during an already challenging competitive landscape.
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