Tesla deliveries decline
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Tesla on Wednesday reported a double-digit drop in first quarter deliveries amid growing backlash to chief executive Elon Musk’s involvement in the Trump administration.
From The Washington Post
Musk's role in spearheading federal cost-cutting in the United States and support of far-right parties in Germany and other nations have produced a sharp response across the world.
From Reuters
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Stocktwits on MSNTesla Stock Rebounds After Report Says CEO Elon Musk May Exit DOGE: Retail Is UnmovedShares of Tesla Inc. (TSLA) traded 5% higher on Wednesday noon, paring early morning losses, following a report that CEO Elon Musk is stepping back from his role at the helm of the Department of Government Efficiency (DOGE) aimed at cutting federal spending.
What began as localized demonstrations outside Tesla showrooms has evolved into a broader movement. Today the EV manufacturer announced their deliveries 13% in Q1.
The disappointing global deliveries of the company's electric car models come as CEO Elon Musk's role as President Trump's cost-cutting czar sparks a backlash among consumers.
Tesla’s stock jumped Wednesday on a report that the electric vehicle maker’s CEO, Elon Musk, may exit President Donald Trump's Department of Government Efficiency.
Even longtime bull couldn't sugar coat the EV maker's sales figures. "They were a disaster on every metric," wrote Wedbush Securities' Dan Ives.
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I have like 17 jobs, at this point,” the DOGE, SpaceX and Tesla boss Musk said Thursday, adding he’s “stretched pretty thin.”
Tesla shares fell Wednesday after the electric vehicle maker's first-quarter deliveries came in below analysts' expectations.
Former Waymo CEO John Krafcik told BI that Tesla has yet to demonstrate a single fully-autonomous ride that generates revenue.
Tesla has long been a leader in the electric vehicles market. Now it's facing mounting protests and plummeting sales.
New York City Comptroller Brad Lander is pushing for the city to file a shareholder lawsuit against Tesla Inc., alleging the automaker misstated how much CEO Elon Musk’s work for the Trump administration has pulled him away from the company.