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Tesla quarterly sales slump 13% amid backlash against Elon Musk

  • Tesla sales declined 13% in Q1, indicating struggles in attracting buyers.
  • Possible factors contributing to the decline include an ageing lineup, competition from rivals, and backlash against Elon Musk's rightwing politics.
  • Tesla reported 336,681 vehicle deliveries in Q1, lower than the expected 408,000 and down from 387,000 in the same period last year.
  • Tesla's stock has dropped significantly, and it has lost market share to rivals, such as BYD, due to improvements in their offerings.

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