Tesla sales plunge: Biggest decline in history

[LetMyPeopleVote]

This is only the beginning of bad news for Tesla
https://bsky.app/profile/jenmercieca.bsky.social/post/3lltj5g2xm22u

Link to tweet

https://www.cnn.com/2025/04/02/business/tesla-sales

Tesla sales plunged 13% in the first three months of this year, as the company reported the largest drop in deliveries in its history by far, amid backlash against CEO Elon Musk and as growing competition from other automakers’ electric vehicles took a large bite out of demand for its EVs.

Tesla reported that it delivered 336,681 cars in the quarter, compared to 386,810 in the first three months of last year. The Wednesday data represented the company’s worst sales in nearly three years, a drop of 50,000 vehicles from a year ago.

Tesla has faced protests outside its showrooms from those opposed to the actions of Musk in one of his other roles as the head of the Department of Government Efficiency, and the policies of President Donald Trump.

There have also been instances of vandalism against Tesla facilities, including its charging stations, as well as some cars. All these incidents may have discouraged some potential Tesla buyers from going ahead with their purchases.

[newdeal2]

1. Not nearly enough

Time to re-double our protesting efforts.

[larwdem]

2. Bullshit

He lost more then 13% sales.

[democratsruletheday]

3. I agree with you in GENERAL....

my gut tells me 13% is way too low. But the fact remains that most sources are in fact reporting a 13% decrease, including Reuters which I think is a very reliable source:

https://www.reuters.com/business/autos-transportation/tesla-set-report-drop-q1-deliveries-weak-demand-musk-backlash-2025-04-02/

Is it probably that the 13% is a cooked #? Absolutely.

[WarGamer]

15. Don't forget...

They just released the new Model Y... people stopped buying the Y because a new model was coming out.

China has record setting orders for the new Model Y "Juniper" so I'd expect that to pad the bottom line for TSLA in Q2 (they just released it here too)

Most people aren't going to let politics dictate car choice.

[tinrobot]

6. Down 13% from last year. Down 32% from last quarter.

[Arazi]

4. Hoping it's double that in Q2 😈

[Norrrm]

5. Trump can buy more Teslas, do more White House commercials. MAGA patriots can buy more Teslas.

Trump's new Tesla

[tinrobot]

7. Meanwhile GMs EV sales are up 94%, Ford up 26%

[Hassin Bin Sober]

9. We traded for an Equinox EV in February. I'll tell you what, it's a nicer car than the Model 3.

My buddy just did the same two weeks ago and agrees. He calls it “a real car that you don’t have to worry about blowing a tire on a pothole.” It definitely rides nicer.

I’m happy he traded because he parks his car in my driveway when he travels and he’s going to be gone for a month. I was joking at first when I said he had to get a camouflage cover for the car… but I don’t know now. I’m glad that resolved.

Yesterday my buddy told me his realtor drove his Equinox and now he wants one. The realtor’s Tesla is paid off but he says he just can’t be seen in it anymore - Chicago north side with, I think, a big LGBT clientele base.

The Tesla was great when it was ahead of the game. Now not so much. I do kind of miss how super fast it was but that can get you in trouble. The Chevy App leaves a LOT to be desired. But the Tesla interior was falling apart.

I guess I can live without the fart noises the Tesla makes. Especially since we programmed my buddy’s car to do it when he first bought his…unbeknownst to him.

I’ll tell anyone to take a look at the Equinox. That free $7500 is a nice incentive.

[tinrobot]

10. There's a lot of excellent EVs out there these days.

GM, Ford, Kia, Hyundai, VW, Honda all offer good alternatives that won't break the bank.

I chose a VW ID.4 for my EV a while back. It's been terrific.

[Hassin Bin Sober]

11. I think we considered that too. My partner made the decision. I swear we watched 1000 hours of YouTube review videos.

We are still watching videos. I’m like “I thought we could go back to home improvement stuff you’re killing me here”

[Polybius]

8. Then why is the stock up so much this past week (especially the last two days)?

[ProfessorGAC]

13. We Cannot Apply Logic To Their Price

A P/E of 120?
A market cap that is 8.8x assets (and their assets include about $6 billion in intangible assets, so that factor is higher)?
The cap is 9x revenues.
And, competitors are gaining ground in virtually ever segment of their products.
The answer to your question is "because".
It's way overvalued based upon some "pitential" based on promises on innovation they've been making fie 7 or 8 years, and the big investors don't want to shed substantial fractions of their holding because it could trigger a sell-off.
If it makes you feel better, the stick price is down twenty-five & a half percent YTD. At least that makes some sense.

[thought crime]

12. Failed Marketing Strategy - Double Nazi Salute

It’s almost like doing a double Nazi salute on TV in front of millions is not really a great marketing stunt. Who knew?

[WarGamer]

14. All the more interesting because GM and Toyota and others were UP in the first quarter.