Tesla announced on Wednesday that its first-quarter deliveries dropped 13% amid slowing consumer demand for electric vehicles (EVs) and controversy surrounding CEOÂ Elon Musk’s political involvement in the Trump administration.
The automaker delivered 336,681 vehicles in the first quarter, a decline from 386,810 units a year ago. Expectations were for Tesla to deliver about 372,410 vehicles in the quarter, based on an average estimate of 15 analysts from Visible Alpha.
Tesla’s sluggish sales show the company’s brand is under pressure over a lack of updates to its vehicle lineup in recent years, as well as Musk’s work with President Donald Trump and public support for similar political movements in other countries.Â
Protests have erupted at Tesla dealerships in the U.S. and Europe as well as cases of vandalism of Tesla vehicles. FBI Director Kash Patel posted on X that the incidents of attacks on Tesla owners are being treated as “domestic terrorism.”
Reuters contributed to this report.
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