Tesla records worst deliveries in two years amid Elon Musk backlash

Tesla recorded 336,681 deliveries, its worst quarterly performance in more than two years as the brand suffers a backlash to CEO Elon Musk’s political maneuverings. The dip in sales comes as Musk continues leading DOGE, the “advisory body” that has laid off thousands of federal employees and attempted to eliminate entire agencies and programs. His involvement in the government has not only proven controversial, but also unpopular, leading many to wonder what effect it might have on Tesla’s sales. Even one of Tesla’s top supporters on Wall Street recently beseeched Musk to spend less time on politics and more time running his businesses. Tesla also released production numbers of 362,615, which is down from previous periods in part due to the automaker switching its production lines for the new Model Y refresh. Analysts on average expected Tesla to report deliveries of 408,000 EVs for the period of January to March, per FactSet. Though in recent weeks, several analysts downgraded the ... Read full article.