Negative: Tesla sales fell 13% due to ongoing boycotts over Musk's political views

From Yahoo Finance: 2025-07-02 09:30:00

Sales of Tesla electric cars dropped 13% in the last three months due to ongoing boycotts over Elon Musk’s political views. The decline in sales reflects a lasting impact on the company’s brand appeal. Net income also fell by 71% in the first quarter of this year.

Total sales for Tesla fell to 384,122 in April through June, down from 443,956 in the same period last year. Despite the drop in overall sales, Models 3 and Y exceeded Wall Street analysts’ estimates, totaling 373,728 units. Tesla shares saw a 4% increase in premarket trading following the news.

Read more: Tesla sales fell 13% in the last three months as anti-Musk sentiment still has an effect