Tesla Q2 Deliveries Fall 13.5% Amid Political Backlash Against CEO Elon Musk

Benzinga

Tesla’s electric vehicle sales dropped 13.5% in the second quarter to 384,122 units, Axios reported. It was the second straight year-over-year decline, as political controversy surrounding CEO Elon Musk continues to stir backlash. EVs provide critical cash flow for Tesla, as they fund projects such as self-driving technology and humanoid robots. Deliveries of the Model Y and Model 3 fell 11.5%, while the “Other” category, including the Cybertruck, plunged 51.8%. Deliveries landed within analyst expectations and beat bearish forecasts from online trackers, despite the decline in sales. The company has grappled with consumer pushback, including vandalism, linked to Musk’s vocal support for Trump and recent leadership role in the Department of Government Efficiency. Tensions between Musk and Trump have since escalated following disputes over budget priorities.

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00:00It's Benzinga bringing Wall Street to Main Street. Tesla's electric vehicle sales dropped 13.5% in

00:05the second quarter to 384,122 units, Axios reported. It was the second straight year-over-year

00:11decline as political controversy surrounding CEO Elon Musk continues to stir backlash.

00:16He needs to provide critical cash flow for Tesla as they fund projects such as self-driving

00:20technology and humanoid robots. Deliveries of the Model Y and Model 3 fell 11.5%,

00:26while the other category, including the Cybertruck, plunged 51.8%. Deliveries landed within

00:31analysts' expectations and beat bearish forecasts from online trackers, despite the decline in sales.

00:37Companies grapple with consumer pushback, including vandalism linked to Musk's vocal support for Trump

00:41and recent leadership in the Department of Government Efficiency.

00:44Attentions between Musk and Trump have since escalated in filing disputes over budget priorities.

00:48For all things money, visit Benzinga.com.

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