Tesla investors expect underwhelming first-quarter sales numbers because the company faces negative customer sentiment toward CEO Elon Musk. Tesla will disclose its worldwide delivery statistics on April 2 while experts predict a decrease from 2023 numbers. The projected delivery numbers fall between 355,000 and 360,000 units which represents a 7% decrease from last year’s totals.
The public criticism of Musk’s relationship with Donald Trump and his involvement in the government’s cost-cutting policies is another factor that has contributed to the decline. According to analysts, this has affected the brand of Tesla especially among liberal consumers. Furthermore, many potential buyers are waiting for the upcoming Model Y refresh and a more affordable Tesla model that is expected later this year.
The European market share of Tesla faces a decline because the company expects to deliver less than 70,000 units during the first quarter of this year since 2022. The global auto market faces disruption from Trump’s new 25% tariff on foreign vehicles because Tesla must stop production due to its dependence on imported components.
Musk continues to concentrate on Tesla’s long-term plans while investors prepare for additional stock price volatility.
