New York (AP) – Sales of Tesla electric cars declined rapidly in the last three months as boycott buyers on the political views of Elon Musk continue to keep away, a significant development has given hopes that anger with the company’s billionaire CEO would have faded yet.
A 13% sales a year ago suggests that US President Donald Trump’s hug of Musk and far-flung politicians in Europe had a deep and permanent impact on Tesla’s brand appeal. In the new figures mentioned by Tesla on Wednesday, rival electric-vehicle manufacturers have also not wasted any time on the company’s weakness to steal the market share, and Tesla’s quarterly income report may also be indicated at the end of this month.
Sales increased to 384,122 through June in April, which was below 443,956 in the same three months last year. During the latest period, Musk formally left the Trump administration as a cost cut, and hopefully sales will be cured. Musk recently said that Tesla was in the middle of one “Major Rebound” In sales.
Nevertheless, some parts of the report were encouraging. The model 3 and Y sales were 373,728 above an estimate of 356,000 from Wall Street analysts. Tesla’s shares increased by 4.6% in the afternoon trading.
Seth Goldstein of Morningstar said, “The numbers were not as bad as we were thought of with all the analysts of us in the last one week.” “The current product lineup is in the saturation of the market and Tesla will need a new affordable vehicle to increase delivery.”
Musk has promised that a cheaper EV model will arrive this year that will promote sales.
This is not yet clear if musk is Latest quarrel With Trump, will help bring back buyers who are angry at the political positions of billionaires. To criticize Trump’s budget bill, Musk once again resorted to social media, the President on Tuesday threatened to use his office power to hurt his companies, including Tesla, pushed his stock below 5%.
New figures come because Tesla is lower on new models and lower focus on robots, self-drawing techniques and robotauxis, hawking nearby passengers without the wheel.
Tesla Austin is in the middle of a test run of robotaxis in Texas, which seems to have gone smoothly for the most part. But it is also Federal car safety regulators investigated Due to some accidents, a case included a Tesla cab shown on a video Go under an anti -lane,
Competition from rival EV manufacturers is particularly fierce in Europe where China’s BRD has taken out its market share. Tesla sales fell by 28% in May According to the European Automobile Manufacturers Association, the overall market for electric vehicles in 30 European countries also expanded rapidly.
Musk has admitted that his work as the head of the government’s efficiency department and his embrace of the European distance candidates hurt the company. ,
Tesla reports the financial results of the second quarter on 23 July. In the first quarter, Pure income fell 71%.
Bernard Condon, Associated Press
