• record sales plunge

    From JAB@21:1/5 to All on Wed Jul 2 11:16:36 2025
    Tesla reports record sales plunge from last year

    Tesla reported another record sales plunge Wednesday, as brand damage
    from CEO Elon Musk's political activities and increased competition
    continued to batter the once fast-growing electric car maker.

    Tesla reported it sold 384,122 cars in the quarter, down nearly 60,000
    cars, or 13.5% from the sales total a year ago. That marks the largest year-over-year drop in sales in the company's history. However, that
    number is up 14.1% from its first quarter total.

    Despite the sales drop, shares of Tesla (TSLA) opened up nearly 4% in
    Wednesday trading following the report. That's because it exceeded
    some analyst forecasts for a much larger plummet.
    ...
    ...
    Notably, Tesla is poised to lose its title for the world's largest EV
    maker, based on annual sales, to Chinese automaker BYD, even though
    BYD has not entered the US market. Earlier on Wednesday, BYD reported
    it had sold 1 million electric vehicles in the first half of this
    year, putting it far ahead of Tesla's year-to-date total of sales of
    about 721,000.

    https://www.cnn.com/2025/07/02/business/tesla-reports-another-record-sales-plunge

    Unknown to me about sales in North America and Europe....

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