Tesla sales plunge: Biggest decline in history
KCNC, WCCO, CNN
By Chris Isidore, CNN
(CNN) — Tesla sales plunged 13% in the first three months of this year, as the company reported the largest drop in deliveries in its history by far, as backlash against CEO Elon Musk, and growing competition from other automakers’ electric vehicles, took a large bite out of demand for its EVs.
Tesla reported that it delivered 336,681 cars in the quarter, compared to 386,810 in the first three months of last year. The Wednesday data represented the company’s worst sales in nearly three years, a drop of 50,000 vehicles from a year ago.
Tesla has faced protests outside its showrooms from those opposed to the actions of Musk in one of his other roles as the head of the Department of Government Efficiency, and the policies of President Donald Trump.
There have also been instances of vandalism against Tesla facilities, including its charging stations, as well as some cars. All these incidents may have discouraged some potential Tesla buyers from going ahead with their purchases.
This is a developing story. It will be updated.
The-CNN-Wire
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