NEW YORK (AP) – Tesla sales decreased by 13% in the first three months of the year, another sign than the company of electric car in the past high -flying of Elon Musk is struggling to attract buyers.
The two -digit drop is probably due to a combination of factors, including its aging range, competition from competitors and aHinged of the embrace of Musk’s right -wing policy. It is also a warning that the report on the results of the first quarter of the company later this month could disappoint investors.
Tesla declared deliveries of 336,681 worldwide during the quarter from January to March. The figure was down 387,000 sales during the same period a year ago. The drop occurred despite significant discounts, zero funding and other incentives.
Analysts interviewed by FostSet expected much higher deliveries of 408,000.
Dan Ives de Wedbush declared in a note to customers that Tesla notes a gentle demand in the United States and China, as well as pressures in Europe.
“The brand’s crisis problems clearly have a negative impact on Tesla … There is no debate,” he said.
Ives said Wall Street and analysts knew that the figures for the first quarter were probably bad, but that it was even worse than expected.
“We are not going to look at these figures with pink glasses … They were a disaster on each metric,” he said.
Tesla’s stock has plunged about half since he reached a record in mid-December like the expectations of a lighter regulatory touch and large profits with Donald Trump as a president was replaced by the fear that the boycott of musk cars and other problems can hit the company hard.
Analysts still do not know exactly how much the drop in sales is due todemonstrationsor other factors. Sales of electric cars have been slow in general, and Tesla in particular suffer while car buyers prevent the purchase of its best -selling model due to plans for an updated version later this year.
The manufacturer of electric vehicles in Austin, Texas, has also lost market share in competitors in recent months as their offers have improved, including those of Byd. The Chinese electric vehicle giant unveiled in March a technology that allows it to load in a few minutes.
Tesla’s shares slipped almost 6% at the start of negotiations on Wednesday.
This story was initially presented on Fortune.com
