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ByteOnBikes@discuss.online to Enough Musk Spam@lemmy.world · 11 days ago

Tesla deliveries slump, Musk's EV maker stares at second year of falling sales

ca.finance.yahoo.com

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Tesla deliveries slump, Musk's EV maker stares at second year of falling sales

ca.finance.yahoo.com

ByteOnBikes@discuss.online to Enough Musk Spam@lemmy.world · 11 days ago
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(Reuters) -Tesla is headed for another year of shrinking sales after it posted a second straight drop in quarterly deliveries, dragged down by CEO Elon Musk's right-wing political stances and an aging vehicle line-up that has turned off some buyers. The automaker now needs to deliver over one million vehicles in the typically strong second half to avoid another annual sales decline — a task that some analysts say could prove difficult due to tariff-driven economic uncertainty and threats to phase out key EV incentives under the Trump administration's sweeping tax bill, including the $7,500 credit on new sales and leases. It reported on Wednesday that deliveries fell 13.5% in the second quarter, missing analysts' expectations even after Musk said in April that sales had turned a corner.
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