Tesla concluded a difficult first quarter, with deliveries down across the board and disappointing financials. However, market conditions and the anti-Tesla sentiment will likely push the EV maker into a downward spiral as people are less likely to buy its cars. A new study shows that people are reluctant to buy a Tesla, and many decide to sell theirs for fear of social stigma and vandalism.
In anticipation of Tesla's Q1 2025 delivery results, many analysts predicted the carmaker would report a decrease. However, they failed to anticipate how bad the results would be. Tesla confirmed its worst quarterly deliveries in almost three years (336K units) and its biggest sales slump in history (-13% YoY). Tesla blamed these poor results on the Model Y changeover and the disruptions it caused to its four factories across the world.
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