"Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musk's political views continue to keep buyers away."
"The 13% plunge in global sales suggests the damage to Tesla's brand from Musk's embrace of U.S. President Donald Trump and far-right European politicians is much deeper."
"Sales fell to 384,122 in April through June, down from 443,956 in the same three months last year."
"Musk has promised a cheaper EV model would be coming this year that would boost sales."
Tesla's electric car sales dropped 13% in the last quarter, reflecting backlash from Elon Musk's political affiliations. Global sales decreased to 384,122 from 443,956 year-on-year, indicating deeper brand damage. Analysts caution that upcoming quarterly earnings might disappoint as competition increases. Musk's comments about a sales rebound contrast with actual figures. While there were encouraging sales of Models 3 and Y, overall market saturation poses challenges. A promised cheaper model could potentially boost sales, yet uncertainty about Musk's political impact on consumer sentiment lingers.
Read at www.mercurynews.com
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