Sale of Tesla Electric cars have been strong in the past three months, since Boykotte continues to keep buyers away from Elon Musk’s political views, a significant development in view of the expectations that the anger with the CEO of the company’s billionaire would now have faded.
On Wednesday, the company reported a sales of 13% in a sign that Musk’s hug from US President Donald Trump and right-wing extremist politicians in Europe had a deep and permanent influence on Tesla’s brand relationship. The new figures show that competing manufacturers of electric vehicles have not wasted time to stuck the company’s weakness to steal market share and to suggest that Tesla’s quarterly winning report could be disappointed later this month.
Sales dropped to 384.122 in April to June, from 443,956 in the same three months in the previous year. Last time, Mousk officially left the Trump administration as a numerous tsar and hopes that sales would recover. Musk himself recently said that Tesla was one in the middle of one “Major Rebound” in sale.
Nevertheless, some parts of the report were encouraging. The sales of models 3 and y amounted to 373,728, above the estimate of 356,000 by Wall Street analysts. The Tesla shares rose by 3.7%in morning trade.
“The figures for all analyst forecasts that we saw last week were not as bad as it was drawn to the analyst forecasts,” said Seth Goldstein by Morningstar, although he was added that the report overall showed that the company was facing major challenges. “The current product line -up is in market saturation and Tesla needs the new affordable vehicle to expand deliveries.”
Musk promised a cheaper EV model this year that would increase sales.
It is not yet clear when Musks Last feud With Trump, buyers who are upset about the political position of the billionaire are lying back. After Musk went back to social media to criticize Trump’s budget bill, the President threatened to use the power of his office on Tuesday to violate his companies, including Tesla, and pressed his inventory by more than 5%.
The new figures are as if Tesla drives less on new models and more on robots, self -driving technology and robotaxis and drives passengers behind the steering wheel without someone.
Tesla is located in the middle of a test run of the robotaxis in Austin, Texas, which seems to have been going smoothly. But it has too The examination of the federal car security supervisory authorities Because of some breakdowns, including a case in which a Tesla taxi was shown on a video Drive on an opposing lane.
The competition of competing EV manufacturers is particularly violent in Europe, where Chinas Byd has taken a bite from its market. Tesla’s turnover fell by 28% in May According to the European Automobile Manufacturers’ Association, in 30 European countries, as the overall market for electric vehicles.
Musk has recognized that his work as head of the Ministry of Government Efficiency and his hug European right -wing extremist candidates violated the company. But he attributed a large part of the sales step to customers who stopped while waiting for new versions of Tesla’s best -selling model Y.
Tesla reports on July 23 in the second quarter. In the first quarter. Net income fell 71%.
