Multimiliarder’s involvement in the administration of US President Donald Trump and his far -right policy arouse constant protests in the US and in many other countries.
Europe’s attitude Elon Musk seriously overturned the image of a once leading brand of electric vehicles. This, according to analysts, was a key factor that made it Tesla recorded 13 percent in the first quarter of this year. decrease in sales of cars on the Old Continent. It was the weakest result in almost three years.
Investors are preparing for the worst
Investors and analysts are getting ready for another decline in Tesla sales this year, “notes Reuters.
The agency quotes the Genea Munster statement, which is a managing partner at Deepwater Asset Management. Through the platform X, Munster said that at first glance, the main factor behind the decrease in deliveries in this quarter are image damage recently caused to the brand.
Munster estimates that deliveries in 2025 will be 9 % lower than last yearwhen Tesla sold 1.79 million cars. Deutsche Bank analysts expect 5 percent decrease in sales this year.
What does Musk say? Last year, the head of Tesla promised 20-30 percent. the increase in the volume in 2025. However, in January he did not repeat it anymore, saying that Tesla “He works hard” to increase his annual volumes.
Not everything depends on the policy
The political activity of the general director is not the only problem of Tesla. Customers have long been complaining about the aging production line of this manufacturer. For lichen The aging Tesla models can’t stand the competition, and the company does nothing about it.
Meanwhile, Chinese manufacturers, including BYD, in China, i.e. the largest roar of electric cars in the world, where competition is particularly strong, introduces newer models, which in every respect, successfully compete with the popular SUV Tesla Model Y. In Europe, Tesla also loses the ground under his feet.
Model y in a new version, but not everywhere
Reuters reminds that The company refreshed the Y model, but the deliveries in China began at the end of February. Investors will observe whether the offer of the refreshed model will have an impact on sales in the following quarters.
At the same time, Tesla does not take action in other markets. The company announced that the conversion of production lines for a refreshed model Y in all four factories led to the loss of several weeks of production in the first quarter.
Rebellion against Musk
Musk’s support for the far -right politics in Europe and work as Trump’s adviser in the Department of Government Efficiency (Doge), where he supervises drastic cuts in the employment of US federal employees and funds for humanitarian projects, may turn out to be even more expensive for Tesla, “Reuters notes. Consumers rebel against the Muska brand
Tesla cars, showrooms and charging stations have been devastated. Hundreds of people stand in front of Tesla salons, calling consumers to boycott of vehicles and company shares.
According to the Wedbush Dan Ives analyst, who is a well -known supporter of Tesla, Musk’s involvement in Doge “is not permanent and the longer it lasts, the greater the risk for the company and this can lead to permanent damage to the brand’s image.” On Wednesday, Politico reported that Musk was planning to give way to the Doge position earlier than expected, but the White House announced that it would leave when he finished his work.
Source: Reuters
