Brief by Shorts91 Newsdesk / 05:35am on 03 Apr 2025,Thursday Business
Tesla's Q1 sales plunged 13% to 336,681 vehicles, its lowest in nearly three years, amid rising competition from BYD, Volkswagen, and BMW. CEO Elon Musk’s political controversies and the delay in launching affordable EVs have fueled protests, vandalism, and customer trade-ins. Tesla shares fell 7% after Donald Trump announced steep tariffs. Musk's expected exit as a Trump adviser remains uncertain. Analysts warn of a "brand crisis" as Tesla risks losing its EV leader status to BYD. Investors now look to the Model Y refresh to revive demand. Tesla will report Q1 earnings on April 22. (PC: Reuters)
