Tesla sales have dropped 13% in the last three months in the midst of the anti-MUSC feeling
New York – Tesla electric car sales have dropped sharply in the past three months while Boycotts on Elon Musk’s political opinions continue to keep buyers away.
Diving 13% in global sales over a year earlier suggests that damage to Tesla’s brand, the embrace of Musk, American president Donald Trump and European far -right politicians are much deeper, widespread and lasting that certain investors did not expect. On Wednesday, the figures reported by Tesla indicate that its quarterly profit report due later this month could disappoint while manufacturers of rival electric vehicles jump on its weakness and steal the market share. V
Sales fell to 384,122 in April to June, against 443,956 in the same three months of last year.
During the last period, Musk officially left the Trump administration as a cost reduction tsar, and hopes increased that sales would recover. Tesla CEO himself recently declared that the company was in the midst of a “major rebound” of sales, a press release contradicted by the last figures.
However, certain parts of the report were encouraging. Sales of models 3 and totaled 373,728, above the 356,000 estimate of Wall Street analysts. Tesla shares have increased by 5% on news.
“The figures were not as bad as they thought with all the forecast reductions of the analysts we saw in last week,” said Seth Goldstein de Morningstar, although he added that the whole report has shown that society is confronted with great challenges. “The current product range is at market saturation and Tesla will need the new affordable vehicle to cultivate deliveries.”
Musk has promised that a cheaper EV model would arrive this year that would stimulate sales.
It is not yet clear if Musk’s last quarrel with Trump will help attract buyers who have been angry with the billionaire’s political positions. After Musk went to social networks again to criticize Trump’s budget bill, the president threatened Tuesday to use the power of his office to harm his businesses, including Tesla, pushing his actions more than 5%.
An AP-NARC survey of June showed that around half of American adults had an unfavorable opinion on Tesla, including 30% of the Republicans.
The new figures come as Tesla focuses less on new models and more on robots, autonomous technology and robotaxis which transport passengers without anyone behind the wheel.
Tesla is in the middle of a Robotaxie test in Austin, Texas, which seems to have gone well for the most part. But he also led to the control of federal automotive security regulators due to a few misadventures, including a case in which a Tesla CAB was shown on a video heading for an opposing route.
Competition from manufacturers of rival electric vehicles is particularly fierce in Europe where China Byd has withdrawn its market share. Tesla sales fell 28% in May in 30 European countries, even if the global electric vehicle market has widened, according to the European Automobile Manufacturers’ Association.
Musk acknowledged that his work as head of the Ministry of Effectiveness of the Government and his adoption of far -right European candidates have harmed the company. But he declared earlier this year that a large part of the sales diver is due to what customers retain while they were waiting for a Ungrade to the best -selling model of Tesla Y. This new version has been released for months now.
Tesla reports the financial results of the second quarter on July 23. In the first quarter, net profit dropped by 71%.
