In what may have been a recognition of the damage that Musk has made to the reputation of Tesla, the company referred to the “changing political feeling” that, “could have a significant impact on the demand for our products in the short term.”
Tesla has been losing market share in front of Chinese and other more consolidated car manufacturers, such as General Motors, Volkswagen and Hyundai, which have offered a growing selection of electric vehicles.
The Musk company hoped to sell 20 million vehicles a year at the end of the decade, the double that Toyota. But sales have decreased after rising to 1.8 million in 2023. last year, the company sold 1.7 million cars, and its world sales fell 13 percent in the first quarter of 2025 compared to the previous year.
On Tuesday, Tesla managers attributed much of the decrease in sales to the slowdown in production because the company was readjusting the assembly chains to manufacture a new version of the Model and Sports Utility.
The Cybertruck, the newest vehicle of Tesla, which consumed many resources of the company during its development, seems more and more failure. Its sales in the first quarter declined 50 percent compared to the last three months of the year, according to Cox Automotive, a research company.
