For experts, performance is not only a reflection of the growing competition of the byd of the Chinese company, but also of the controversial role of Elon Musk in the Trump administration.
Tesla Car Sales, a company led by Elon Musk, has fallen to the lowest level of the last three years.
The electric vehicle manufacturer delivered almost 337,000 units in the first three months of 2025, a 13% drop in the same period last year.
After the dissemination of low sales data, the company’s shares retired at the beginning of the trading session on Wednesday (2/4).
The company’s cars deal with growing competition from the Chinese company Byd, but experts believe that Musk’s controversial role also in the Donald Trump administration has an influence on this phenomenon.
The company has attributed the decline in sales to the transition to a new version of its most popular car.
However, some analysts point the finger on Musk himself.
“These numbers are terrible”, Ross Gerber (ex Twitter), one of the first investors of Tesla, of the Gerber Kawasaki Wealth and Investment Management Group.
“Tesla is collapsing and may not recover,” he added, who was once a supporter of the musk, but recently asked the company’s board to remove the billionaire from the CEO position.
The “fall of Tesla”
Musk’s political activism generated a wave of protests and boycott all over the world.
He currently guides the initiative of the Department of Efficiency of the Government (Doge) by President Donald Trump, created to reduce spending and reduce the volume of federal servers.
Wednesday (2/3), the political site reported that Trump would tell the people of his intimate circle that Musk would move away from the government in the coming weeks.
Shortly after the publication of the news, the Tesla actions price increased again.
The White House, however, refuted the relationship, classifying it as “garbage”.
Being considered an official of the special government, Musk law can only serve in the government for 130 days during the year, which would mean that he should have given way until mid -June.
Tesla’s head is the richest man in the world and has contributed to over $ 250 million to help Trump to be elected to the elections of November 2024.
In recent weeks, he has invested more money in a race for Wisconsin’s Supreme Court by supporting the former republican general prosecutor Brad Schimel-Che was defeated on Tuesday (1/4).
The reaction against Musk included protests at Tesla dealers in the United States and Europe.
The company’s vehicles were also vandalized – and Trump even said that the government would accuse people of attacking cars from the “domestic terrorism” car manufacturer.
Musk’s direction on his business, including Tesla, received a series of questions.
In a recent interview, he admitted to managing his projects “with great difficulty”.
“Frankly, I don’t think I’m doing it here [em referência ao seu trabalho na atual administração Trump]”He added.
Tesla’s actions have lost more than a quarter of their value since the beginning of this year, according to the rates recorded on Wednesday (2/4).
“We do not look at these numbers with false optimism … they represent a disaster,” says analyst Dan Ives, of the Wedbush financial service company, in a declaration issued on Wednesday.
“The greatest political involvement [de Musk] With the doge, the more the brand suffers. There is no discussion about it, “he said.
Tesla did not respond to the requests of BBC’s comments, but declared in a document filed at the US Securities Commission that the recently released numbers “represent only two measures” of the company’s services and “should not be considered as an indicator of quarterly financial results”.
These more detailed results will be issued on April 22 in a financial report complete with data in the quarter.
“They will depend on a variety of factors such as the average sale price, costs, evaluating movements, among others,” said Tesla.
The text also notes that the company has temporarily suspended the production of sports utilitarian vehicles of the so called Model Y since January.
Following the dissemination of Wednesday numbers, Randi Weingarten, president of the American Federation of teachers, one of the most powerful unions in the dozens of public pension funds on the situation of Tesla.
He declared that the latest data on the company’s sales were “stunning”, the pension funds have closely raised the analysis of the stakes they have in the company and questioned what the financial managers are doing to “protect the pension activities”.
“These falls seem to be, in part, motivated by the fact that Musk spends their time in political activities, some of which seem to be in conflict with the brand and commercial interests of Tesla,” said Weingarten.
The New York City (New York City) controller has already announced that Tesla studies on behalf of huge pension funds related to the body.
Tuesday (1/4), the institution has released a loss of over 300 million dollars (R $ 1.6 BI) in three months due to the drop in the price of the company’s shares.
“Elon Musk has been so distracted that he is leading Tesla to a financial cliff,” said Brad Lander’s current controller, in a note.
Source: Terra
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