Tesla deliveries likely fell as competition, Musk backlash surge

Business and Finance Business and Finance

Tue, April 1, 2025

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Tesla deliveries likely fell as competition, Musk backlash surge

^{Published on 2025-03-31 13:01:37 - Reuters}

Tesla investors are bracing for a drop in first-quarter vehicle deliveries as a backlash against CEO Elon Musk's politics exacerbates weakening demand for the electric vehicle maker's aging lineup.

The article from MSN discusses the anticipated decline in Tesla's vehicle deliveries for the first quarter, attributing this to increased competition in the electric vehicle (EV) market and a backlash against CEO Elon Musk. Despite Tesla's efforts to boost sales through price cuts, the company is expected to report its first year-over-year delivery drop since 2020. This situation is compounded by Musk's controversial public statements and actions, which have reportedly led to a loss of consumer trust. Additionally, Tesla faces challenges from new EV models by competitors like Ford, General Motors, and Volkswagen, as well as from Chinese manufacturers like BYD. The article also notes that Tesla's stock has seen a significant decline, dropping nearly 40% in the past year, reflecting investor concerns over these issues.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/money/other/tesla-deliveries-likely-fell-as-competition-musk-backlash-surge/ar-AA1BZlGt ]

N@N

Tesla deliveries likely fell as competition, Musk backlash surge