this post was submitted on 02 Jul 2025
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Tesla global sales fall amid Musk backlash and pressure on EV market (www.aljazeera.com)
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Author: Al Jazeera
Published on: 02/07/2025 | 00:00:00

AI Summary:
Tesla reported 384,122 deliveries in the second quarter, representing a 13.5 percent decline from this time a year ago. The global sales figures reflect the more contested nature of the EV market. Demand for EVs has slumped amid tariff fears and the looming end of EV tax credit in the United States. Musk accused bill supporters of backing “debt slavery” in a social media post. In response, the president called for the Department of Government Efficiency to look at subsidies for Musk’s companies. Analysts believe that increased production of the Model Y and 3 could show a positive road ahead for the EV-maker.

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[–] Chucklestheclown@hilariouschaos.com 0 points 1 month ago

While Elon hate has hurt the brand, the main issue is the cost of the cars, interest rates and insurance. The economy is just OK. There is a lot of FUD in the economy right now.