Tesla Sales Drop 13% in 1st Quarter
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Tesla sales fell 13% in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers.
From The Associated Press
Tesla’s share price jumped on a report that chief executive Elon Musk could be leaving his US government role.
From The Financial Times
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“Anyone who scrawls a swastika on a Tesla has obviously committed a hate crime,” Mr. Musk wrote on social media this week. The use of swastikas by critics of Mr. Musk — who is not Jewish or a member of any other minority group — has put law enforcement in a bind, legal scholars said.
New York City Comptroller Brad Lander has asked the city, which is a major Tesla shareholder, to sue Tesla and CEO Elon Musk over alleged breaches of fiduciary duties. Lander asked the New York City Law Department to pursue securities litigation against Tesla on behalf of the New York City pension systems, which owns 3 million shares in Tesla.
Tesla sales fell 13% in the first three months of the year, another sign that Elon Musk’s once high-flying car company is struggling to attract buyers. The leading electric vehicle maker has faced a growing backlash from Musk’s embrace of right-wing politics and his role in the Trump administration.
10hon MSN
Democrat Alexandria Ocasio-Cortez refused to answer whether Democrats' inflammatory rhetoric against Elon Musk is linked to attacks against Tesla owners and dealers.
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An Upstate New York lawmaker is proposing legislation that would end Tesla's in-person sales operations in New York. Demonstrators are arrested by NYPD officers during a protest against Elon Musk and Tesla outside a Tesla showroom, Saturday, March 1, 2025 in New York. (Adam Gray | AP Photo) Adam Gray | AP Photo
A draft of the state’s new Tesla contract would extend the lease for Elon Musk’s electric carmaker by another five years.
City Comptroller Brad Lander is pushing for the city to file a shareholder lawsuit against Tesla, alleging the automaker misstated how much CEO Elon Musk’s work for the Trump administration has pulled him away from the company.
New York legislators scrutinize Tesla's factory performance and consider laws impacting its sales and state contracts.