Tesla Sees 13% Drop in Q1 Sales Globally -->

Tesla Sees 13% Drop in Q1 Sales Globally

Kamis, 03 April 2025, April 03, 2025

SAN DIEGO ( Border Report — According to reports from Reuters and the Wall Street Journal, Tesla’s deliveries dropped by 13% globally in the first quarter of this year.

The articles indicate that Tesla CEO Elon Musk along with his political engagements are contributing factors to the reduced interest in the electric cars produced by his firm.

Tesla's sales in China, which mainly cater to international markets, dropped by 49% in February. However, they performed somewhat better in March following the launch of the updated Model Y within China, as reported by the China Passenger Car Association.

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In Germany, where Tesla has its European plant, new-vehicle registrations dropped by 76.3% in February compared to the previous year, as reported by the nation’s Federal Motor Transportation Agency and confirmed by the Wall Street Journal.

In October, Tesla canceled their plan for constructing a manufacturing plant in Mexico, which led to criticism from the Mexican administration.

Mexico’s leader stated back then, "The Teslas were considered too burdensome or costly for the Mexican market because their most affordable vehicle, the Model 3, was priced around $30,000."

She vowed to produce an inexpensive electric car made in Mexico to rival similarly imported models such as Teslas.

Following that period, Tesla's sales in Mexico have been sluggish and have decreased relative to the previous year as well, according to Fortune, a financial magazine headquartered in New York City.

In the United States and various European nations, Tesla dealership locations have been targeted with vandalism amid protest activities.

A few weeks ago, a Tesla service center in Las Vegas was attacked with Molotov cocktails.

'Molotov cocktails and guns' were used in car fires at a Tesla location in Las Vegas, according to the police.

The Wall Street Journal reports that certain financial experts believe Musk’s closeness to Trump could benefit the CEO’s business ventures over time. This advantage might include easier implementation of federal rules that streamline Tesla’s efforts to roll out self-driving cars across the country.

"As we see it, Tesla's reduced vehicle deliveries indicate a shift for the company moving away from being just an 'automotive pure play' towards becoming a major player in AI and robotics," wrote Morgan Stanley analyst Adam Jonas on March 20th.

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Tesla has announced its intention to begin providing autonomous ride-sharing options in June close to its base in Austin, Texas, with intentions to introduce a comparable service in California before the year ends.

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