Tesla sales fall amid Elon Musk backlash
“I don’t like what’s going on,” Trump said before slipping into a red model and exclaiming: “Wow. It’s beautiful.”
After decreasing by 6 % in the first exchanges, the Tesla shares closed 5.3 percent more after a relationship from PoliticalCiting anonymous sources, which Musk could soon resign from the leadership of his government efficiency department, the cost reduction group that led to tens of thousands of federal workers who have lost their jobs.
Tesla’s investors complained that Doge’s work deflected Musk da Tesla’s attention, where he is CEO. Tuesday, the New York City controller who supervises the pension funds down $ 300 million ($ 476 million) this year on Tesla Holdings required a cause that accused a distracted musk of “driving Tesla from a financial cliff”.
Tesla’s actions collapsed by about half since it reached a record in mid -December, as expectations of a lighter regulatory touch and large profits with Donald Trump while the president was replaced by the fear that the boycott of Musk’s cars and other problems could hit the company hard.
Analysts are not yet sure of how much the decline in sales is due to protests or other factors. Sales of electric cars have been slow in general and Tesla, in particular, is suffering while car buyers undertake from the purchase of its best -selling Y model waiting for an updated version.
However, also the bullish financial analysts who have previously minimized the recourse to Musk’s polarizing political positions are recognizing that he is damaging the company, something that Musk has also recently recognized.
“This is a very expensive job,” Musk said during a Sunday Wisconsin demonstration, referring to his role as Doga. “My Stock by Tesla and the stock of all those who keep Tesla went around halfway.”
The Tesla cars have been destroyed and set on fire in recent weeks and the protests have been staged hundreds of Tesla dealers. The owners put adhesives for bumpers on their cars saying: “I bought it before Elon went crazy”.
The Europeans also opposed to the purchase of Tesla, in particular the shocked Germans after Musk publicly supported a far -right party in the national elections and gave what many say it was a greeting similar to a Nazi during an inauguration of Trump in January.
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Protests come when the Austin electric vehicle manufacturer in Texas faces strong competition from other electrical vehicles producers that offer far -awarded models, including byd.
In March, the Chinese EV giant revealed the technology that allows its cars to recharge in just 5-8 minutes.
Tesla is expected to report the profits of 48 cents per action for the first quarter at the end of this month, growing by 7 % compared to the previous year, according to a survey on financial analysts that the car company from Factset research companies.
Almost all Tesla sales in the quarter came from the smaller and less expensive models 3 EY, with the company that sold less than 13,000 more expensive models, including X and S, as well as the cybertruck.
