| Wed, 02 Apr 2025 18:45:29 GMTwww.bbc.com
Tesla sales unexpectedly plunge after Elon Musk backlash
Tesla sales plunge after Elon Musk backlash
9 minutes ago Share Save Lily Jamali North America Technology Correspondent Reporting from San Francisco Share Save
Getty
Tesla sales have plummeted to their lowest level in three years after a backlash against its boss Elon Musk. The electric car maker delivered almost 337,000 electric vehicles in the first three months of 2025, a 13% drop from a year ago. Tesla shares tumbled in early trading on Wednesday after the release of the unexpectedly low sales numbers. The cars face increasing competition from Chinese firm BYD, but experts believe Musk's controversial role in the Trump administration has had an effect too.
The firm has blamed the sales drop on the transition to a new version of its most popular car. However some analysts have pointed the finger at Musk himself. "These numbers suck," early Tesla investor Ross Gerber of Gerber Kawasaki Wealth and Investment Management wrote on X. "The brand is broken and may not be fixable", added Mr Gerber, who was once a Musk supporter but has recently called for the board to remove the billionaire as CEO.
Watch: Tesla vehicles and dealerships vandalised throughout US
'Tesla takedown'
There have been protests and boycotts around the world prompted by Musk's outspoken and controversial political involvement. He has been heading up President Donald Trump's Department of Government Efficiency (DOGE) initiative to cut federal spending and slash the government workforce. On Wednesday, Politico reported that Trump had told his inner circle Musk would be stepping back from the administration in the coming weeks. Shortly after the report was published, Tesla's share price turned positive. The White House shot down the report as "garbage". Because he is considered a special government employee, Musk by law can only serve 130 days in the administration this year, which would put his departure closer to June. The Tesla boss is the world's richest man and contributed more than a quarter of a billion dollars to help Trump get elected in November. In recent weeks, he poured millions into a Wisconsin Supreme Court race, supporting former Republican attorney general Brad Schimel who was soundly defeated on Tuesday.
Getty Images This dealership in Berlin was defaced