Tesla is in crisis: deliveries of these cars have fallen to their lowest level since 2022
Tesla is reportedly facing a sharp drop in sales for the first quarter of 2025. The company is experiencing economic hardship, increasing competition and the transition to the updated Model Y. As a result, vehicle deliveries have fallen to their lowest level since 2022.
Here's What We Know
Tesla is expected to deliver about 359,000 vehicles in the first quarter of 2025, down 7 per cent from the same period last year and down 27 per cent from the previous quarter. According to the latest figures, sales in Europe are down 50 per cent, while sales in China are down slightly but remain stable. However, the biggest concern is the US market, which is Tesla's largest market. US sales results will determine the company's overall outlook for the year.
Tesla reports that the drop in sales is due to the Model Y refresh, as customers may be waiting for the new version before buying. However, many analysts believe that other factors, such as Ilon Musk's leadership, his controversial statements and unpredictable decisions, are also affecting the situation, which could scare customers away. Increasing competition from other electric car brands is also playing an important role.
Tesla's upcoming financial report is expected to be weak, and if sales continue to fall, the company could face stock volatility and pressure to improve demand. The success of the new Model Y could be crucial to the company's recovery.
Source: shiftdelete
