US EditionTesla investors brace for another year of sales decline as backlash grows
- Tesla posted a 13% decline in quarterly deliveries, its weakest performance in nearly three years, this past Wednesday.
- This decline occurred despite CEO Elon Musk's pledge that Tesla would return to growth this year, leading to investor concern.
- Analysts point to brand damage and Musk's political activities as factors, while Tesla cites production line retooling for Model Y.
- Gene Munster of Deepwater stated on X that this delivery drop appears to be the result of recent brand problems.
- JPMorgan lowered its profit estimates, and Tesla shares closed down 5.5% on Thursday, contributing to a 45% drop from its peak.
29 Articles
29 Articles
Press-Telegram
Tesla estimates cut further on ‘unprecedented brand damage’
By Craig Trudell and Subrat Patnaik | Bloomberg One of Wall Street’s most bearish Tesla Inc. analysts further reduced estimates for the company’s earnings, citing the magnitude of car-buyer backlash against Elon Musk. Tesla’s first-quarter vehicle deliveries were far below even JPMorgan Chase & Co. analyst Ryan Brinkman’s pessimistic estimate, “confirming the unprecedented brand damage we had earlier feared,” he said in a report Friday. The sale…
Tesla's sales fell: what happened to Ford and General Motors
Since Elon Musk assumed his new role as head of the U.S. Department of Governmental Efficiency (DOGE), he became a central figure of the Trump administration. However, his measures to cut federal spending led to a series of protests and vandalism against Tesla’s vehicles. Amid criticism of his executive director, the manufacturer had a fall in his sales that put him behind Ford and General Motors. Tesla, who is going through its most critical mo…
Coverage Details
Bias Distribution
- 42% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
