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Tesla Reports 13% Drop in Q1 Sales Amid Political Backlash

    Tesla Reports 13% Drop in Q1 Sales Amid Political Backlash
    story
    APR 2
    Above: People show interest in a Tesla Cybertruck displayed in a shopping center in Ankara, Turkey on Nov. 12, 2024. Image copyright: Osmancan Gurdogan/Contributor/Anadolu via Getty Images
    story last updated APR 2

    The Spin

    Narrative A

    Tesla's sales decline primarily stems from necessary production line updates for the new Model Y refresh and increasing global competition, particularly from Chinese manufacturers like BYD. The temporary production halts and transition period are normal parts of introducing updated models, and sales should recover as production ramps up.

    TechCrunchQuartz

    Narrative B

    The dramatic sales decline reflects severe brand damage caused by Elon Musk's political activities and controversial leadership of DOGE, turning away core environmentally conscious customers. The protests and boycotts against Tesla facilities worldwide have created a significant negative impact on consumer sentiment and sales performance for the once-trailblazing leader in the EV industry.

    CNN

    Metaculus Prediction


    Public Figures

    Elon Musk


    The Controversies


    UNLIKELYLIKELY
    Status:Resolved
    Will Musk Join the Trump Administration?
    Controversy
    APR 2APR 2

    UNLIKELYLIKELY
    Status:Resolved
    Will Tesla Shareholders Vote to Reinstate Musk's $56B Pay Package?
    Controversy
    APR 2APR 2

    Articles on this story

    Tesla reports 336,000 vehicle deliveries in first quarter, 13% drop from a year ago
    CNBCMAR 27
    Tesla sales plunge: Biggest decline in history
    CNNMAR 27
    Tesla Reports Worst Quarterly Vehicle Deliveries Since 2022Evidence Of Elon Musks DOGE Damage, Analyst Says
    ForbesMAR 27
    Tesla quarterly sales slump 13% amid backlash against Elon Musk
    GuardianMAR 27
    Tesla records worst deliveries in two years amid Elon Musk backlash
    TechCrunchMAR 27