Tesla decision reveals a major demand problem
From Yahoo Finance: 2025-05-07 14:47:00
Tesla stock faces challenges in May after a volatile April. CEO Elon Musk’s political affiliations spark backlash, impacting Tesla’s sales. Despite a rising EV market in the U.S., Tesla’s sales decline while competitor EV sales increase. Tesla scraps plans for a $25,000 EV, instead offering discounts on the Model Y with minimal savings.
Tesla’s underwhelming Q1 earnings and delivery reports lead to protests and consumer backlash. The company offers a new Model Y with a lower interest rate, but the savings are minimal. Tesla’s reluctance to offer real discounts indicates soft demand for its vehicles, including the Model Y and Cybertruck.
Tesla struggles to sell Model Ys despite discounted financing. Photos of idle Cybertrucks at the gigafactory suggest poor sales. Musk may need to make tough decisions to boost sales. Discounts on the Model Y contradict speculation that buyers were waiting for its release. Industry experts question Tesla’s declining sales strategy.