Tesla quarterly sales slump 13% amid backlash against Elon Musk

04/02/2025 09:35 AM

Drop is likely combination of ageing lineup, increased competition and backlash to Musk's politics

Tesla sales declined in the first three months of the year, another sign that Elon Musk's once high-flying electric car company is struggling to attract buyers.

The drop of 13% is likely due to combination of factors, including its ageing lineup, competition from rivals and a backlash from Musk's embrace of rightwing politics. It also is a warning that the company's first-quarter earnings report later this month could disappoint investors.