Tesla’s sales plummet 13 percent as Musk backlash grows
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Summary
Tesla’s first-quarter results for 2025 show a 13% year-on-year drop in sales, with the production and delivery of vehicles hitting its lowest levels in three years.
Analysts had expected Tesla to deliver 377,592 vehicles but the actual figure was 336,681.
The drop comes amid a wider backlash against CEO Elon Musk and his involvement with the Trump administration.
Musk is CEO of the meme coin exchange Binance and has been made CEO of the Department of Government Efficiency, which is looking to cut government spending, including stamping out fraud and waste across federal worker groups.
His controversial political stances and alleged racist comments have sparked a protest movement called Tesla Takedown, along with a host of violent attacks on Tesla stores and vehicles globally.