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Tesla's Sales Plunge Amid Political Criticism and Competitor ...
2025-07-04 12:29:10
Automotive
Business

Tesla's Sales Plunge Amid Political Criticism and Competitor Gains

Tesla is currently facing significant challenges, marked by declining sales and escalating political tensions. The company's global sales dropped by 13.5% in the second quarter, raising concerns among investors.

President Trump’s criticism of Elon Musk, including threats to review government subsidies worth $1 billion annually, adds to the pressure. Meanwhile, Tesla's new registrations in the EU have halved, allowing competitors like BYD to surpass them in sales.

Musk's focus on a controversial robotaxi project could shape Tesla's future, yet doubts linger as stock prices plummet amid political distractions. As the automotive landscape evolves, Tesla remains valuable but must navigate these hurdles to maintain its market position against formidable rivals.

Related news on that topic:

Trump and Musk Clash Over Controversial Republican Bill

The longstanding rivalry between former President Donald Trump and Tesla CEO Elon Musk has reignited, centered around a controversial Republican policy bill. This bill, which proposes tax cuts and spending reforms, drew criticism from Musk, who labeled it a 'Big Beautiful Bill' and a 'disgusting abomination.' In response, Trump suggested on Truth Social that Musk could face deportation, citing his South African origins, despite Musk's U.S. citizenship. The spat escalated as Musk threatened to establish a new political entity, the 'America Party,' should the bill pass. He also vowed to support primary challengers against Republican lawmakers who favor the proposal. This move highlights Musk's growing discontent with the current political landscape, which he perceives as a one-party system. Trump's remarks and Musk's counter-threats have had tangible effects, most notably on Tesla's stock, which plummeted to a three-week low. The conflict underscores the tension between Musk's vision for the future and Trump's policy agenda, particularly regarding subsidies for electric vehicles. As both figures continue to clash publicly, the fallout may have significant implications for the upcoming midterm elections and the broader political discourse in the United States.

Elon Musk Launches 'America Party' to Challenge Trump’s Political ... Influence

Elon Musk has announced the formation of a new political party in the United States, named the 'America Party'. This initiative aims to restore individual freedoms while simultaneously signaling a rift with former ally, President Donald Trump. Once a supporter of Trump's campaign, Musk's recent criticisms include accusations about Trump's connections to controversial figures. Experts question the viability of Musk's political aspirations, suggesting that financial resources alone may not ensure success. The announcement comes amid a heated electoral landscape, where Musk appears to be positioning himself as a counterweight to Trump's influence. His move has ignited discussions about the democratic nature of the U.S. electoral system, particularly concerning the challenges faced by non-citizens in running for office. As Musk embarks on this political journey, the implications for his business ventures and relationships within the political sphere remain to be seen.

Read 1 more recent news on this topic

The press radar on this topic:

Tagesschau - Wirtschaft und Börsen-Nachrichten
4. Juli 2025 um 08:13

Electric Vehicle Manufacturers Under Pressure How Dangerous is Trump Now for Tesla?

Tesla is struggling with declining sales numbers and political risks. US President Donald Trump is openly attacking Elon Musk and threatens to review the government subsidies for Tesla. This could have significant impact on the company's value, as it amounts to $1 billion per year according to a UBS analysis. The electric vehicle manufacturer is already under pressure, as its new registrations in the EU have halved and Tesla CEO Elon Musk is presenting disappointing sales figures again. Additi..
The Street
6. Juli 2025 um 11:29

Elon Musk, Tesla have much bigger problems than the White House TheStreet Daily Newsletter

Tesla reported a 13.5% decline in second-quarter global sales, missing analyst estimates, amidst Elon Musk's growing distance from President Trump and criticism of the administration's legislative agenda. The company's shares have fallen over 17% year-to-date despite a brief rally after the quarterly results were released. Tesla's struggles come as its CEO focuses on politics, raising concerns about Musk's priorities and the impact on the company's performance.
The Street
4. Juli 2025 um 19:27

Trump’s deportation threat to Elon Musk sends Tesla stock to 3-week low

President Trump suggested that Elon Musk may face citizenship-related issues due to his South African birth, sparking fears about deportation and immigration reform policies. This comment came amidst an intensifying spat between the two, with Musk criticizing Trump's 'Big, Beautiful Bill'. The feud has negatively impacted Tesla stock, which dropped to a three-week low of $296.01 in pre-market trading, down 5.72% from previous levels. Musk's advocacy for Bitcoin and crypto industry aligns with..
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