Tesla Deliveries Slump Amid Musk Backlash and Political Stance
Tesla’s second-quarter deliveries significantly dropped, marking a potential second straight annual sales decline due to waning demand and brand damage from CEO Elon Musk’s political actions. The company delivered 384,122 vehicles, falling short of analyst expectations, even after a refresh of its Model Y crossover. Despite the launch of a limited robotaxi service, and plans for a cheaper vehicle, analysts predict a tough challenge for Tesla to meet Musk’s goal of a sales turnaround, especially considering a record number of deliveries needed in the second half of the year.
John Q. Hosedrinker