Summary
Tesla faces a second consecutive year of sales decline after a 13% drop in Q1 2024 deliveries, the steepest in nearly three years.
CEO Elon Musk’s alignment with Donald Trump and far-right politics has damaged Tesla’s brand, triggering global protests and vandalism.
Analysts attribute the sales slide primarily to reputational harm, compounded by aging models and fierce competition from BYD and others.
Deutsche Bank forecasts a 5% sales dip this year. Musk’s political role has fueled calls for boycotts, with concerns that prolonged involvement could cause lasting brand damage.
Yeah, like a few days ago when sales numbers came out and the stock price jumped up because “we were expecting even worse numbers” ignoring that the stock is priced as if tesla is set for insane growth. Musk will just announce some more stupid vaporware to pump the stock back up if it gets too low for his liking, as he always does.