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Tesla’s EV Deliveries Are Seen Falling as Demand Erodes Sharply
- Tesla faced a steep decline in vehicle deliveries through May 2025 across key regions including the U.S., Europe, and China.
- This decline followed weaker monthly data, production shutdowns for Model Y refresh, and growing consumer wariness amid CEO Musk's political feud with President Trump.
- Goldman Sachs lowered Tesla's second-quarter delivery estimate to 365,000 vehicles and cut its price target from $295 to $285 reflecting this downturn.
- Tesla’s market capitalization plunged $152 billion on June 5 after the Musk-Trump online spat, causing shares to drop 14% before recovering slightly.
- The delivery shortfall and political challenges imply continued pressure on Tesla's sales and stock, even as the company plans a robotaxi launch and affordable models soon.
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·Chicago, United States
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Tesla’s EV Deliveries Are Seen Falling as Demand Erodes Sharply
Wall Street is reining in expectations for Tesla Inc. deliveries as the Elon Musk-run automaker struggles with waning consumer demand and the threat of reduced US federal incentives for electric vehicles.
·New Delhi, India
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Coverage Details
Total News Sources16
Leaning Left0Leaning Right3Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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