Tesla sales drop 13% in first quarter as Elon Musk backlash, aging models hurt demand – The Mercury News

By BERNARD CONDON | Associated Press

NEW YORK  — Tesla sales declined 13% in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers.

The double-digit drop is likely due to a combination of factors, including its aging lineup, competition from rivals and a backlash from Musk’s embrace of right wing politics. It also is a warning that the company’s first-quarter earnings report later this month could disappoint investors.

RELATED: Tesla protests across Bay Area ignite Trump resistance, but intra-party strife ahead

Tesla reported deliveries of 336,681 globally in the January to March quarter. The figure was down from sales of 387,000 in the same period a year ago. The decline came despite deep discounts, zero financing and other incentives.

Visited 1 times, 1 visit(s) today

Related Article

E.U. Prepares Major Penalties Against Elon Musk’s X

European Union regulators are preparing major penalties against Elon Musk’s social media platform X for breaking a landmark law to combat illicit content and disinformation, said four people with knowledge of the plans, a move that is likely to ratchet up tensions with the United States by targeting one of President Trump’s closest advisers. The

Columnist Eugene Robinson exits Washington Post after Jeff Bezos’ ‘significant shift’ in paper’s mission

Washington Post columnist Eugene Robinson, an MSNBC contributor and staunch critic of President Trump, said he’s quitting after owner Jeff Bezos’ “significant shift” in the paper’s mission — joining an exodus of journalists at the beleaguered broadsheet. “The announced ‘significant shift’ in our section’s mission has spurred me to decide that it’s time for my

Global markets in turmoil as Trump tariffs wipe $2tn off Wall Street | Global economy

Global financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession. As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2tn (£1.5tn) was wiped

10 Celebrities Who Have Broken Into the Cannabis Business

10 celebrities who have broken into the cannabis business Gone are the days of the simple choice of smoking a joint or munching on a pot brownie to consume weed. The cannabis industry has made inroads just about everywhere you can imagine—think products like coffee pods, bath bombs, and toothpaste. As recreational and medicinal cannabis

You Would Never Guess New Jersey’s Most Influential Celebrity

When I saw this information, I started to think, what celebrity has influence over me? Hmmm, I can’t think of any celebrity whose life or ideas carry much weight with me. How about you? Is there a famous person who you follow and listen to? Do they endorse something that has made you sit up

Trump Administration Threatens to Withhold Funds From Public Schools

The Trump administration threatened on Thursday to withhold federal funding from public schools unless state education officials verified the elimination of all programs that it said unfairly promoted diversity, equity and inclusion. In a memo sent to top public education officials across the country, the Education Department said that funding for schools with high percentages

China’s tariffs response: Xi Jinping livid with Donald Trump after massive Liberation Day tariffs on China; here’s what the Chinese President plans to do next

China has strongly condemned President Donald Trump’s latest wave of tariffs on Chinese imports, vowing countermeasures in what could escalate tensions between the two economic giants. The Chinese commerce ministry called the tariffs “unilateral bullying” and warned that no side would emerge as a winner in this trade war. These new tariffs, imposed during Trump’s

Jeff Bezos Amazon impact: Donald Trump’s close friend Jeff Bezos may bear the brunt of Liberation Day tariffs: Amazon could lose millions as most of its goods come from China; here’s the breakdown

US President Donald Trump‘s most recent wave of tariffs is all set to rattle the economy. His trade war has just gotten personal for one of his closest allies. With new tariffs going into effect on “Liberation Day,” Amazon founder Jeff Bezos might be among the most affected, and his retail empire could face a

How does South Korea’s society treat celebrities in crisis? A new case raises questions

SEOUL (AP) — A young actor’s suicide in South Korea. Allegations of an underage relationship. They are part of a growing drama in the Asian entertainment world that raises questions about society’s treatment of celebrities in crisis, with harsh media and online commentary amplifying their lowest moments. This week, South Korean actor Kim Soo-hyun publicly

Punitive or a gift? How five big economies see new US tariffs

Watch: Three things to know about Trump’s tariffs announcement New trade tariffs unveiled by US President Donald Trump on Wednesday are expected to have a major global impact, and have been condemned by the European Union and other key US allies. But Trump’s latest import taxes may get a different response in China, whose leader

Can Trump’s sweeping global duties spark a manufacturing boom?

Getty Images High tariffs on China and Bangladesh can help Indian textile manufacturers to expand in the US market Donald Trump’s sweeping tariffs have shaken global trade, but disruption often creates opportunity. Starting 9 April, Indian goods will face tariffs of up to 27% (Trump’s tariff chart lists India’s rate as 26%, but the official

The Power of Xi Jinping

This week Four Corners unpacks the rise of Xi Jinping, China’s most dominant leader since Mao Zedong, and the global consequences of his rule. With rare access and deep reporting, Frontline correspondent Martin Smith investigates Xi’s path to power, his ideological vision, and how he has reshaped China’s relationship with the world. Once dismissed as

EU ready to retaliate against Donald Trump’s tariffs, says Ursula von der Leyen

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU is ready to retaliate against Donald Trump’s 20 per cent tariffs but will first seek to negotiate a deal, the president of the European Commission said as she warned the world would “massively

Best Dressed Celebrities in April 2025: From Sydney Sweeney to Katie Holmes

Spring’s arrival marks a transition from awards season to a vibrant display of celebrity style. The red carpet’s peak may be in the rearview mirror, save for The Olivier Awards, which is set for Sunday, April 6, where there will be no shortage of fashionable It Brits on the crimson rug celebrating the most talented

The Masked Singer Season 13 Episode 8 Recap: Stud Muffin Reveal

SPOILER ALERT: Details follow for Season 13, Episode 8 of “The Masked Singer,” “Boy Band Night,” which aired April 2 on Fox. Wu-Tang is for the children, and “Masked Singer” welcomes audiences young and old as well. On Wednesday’s “Boy Band”-themed episode of the hit Fox competition, Method Man was the next celebrity to be

0
Would love your thoughts, please comment.x
()
x