Deliveries dropped to the lowest number in nearly three years — at a time when some key rivals are seeing growth, while a Wednesday report indicates Musk’s days as a White House adviser are now numbered
Last Updated: April 2, 2025 at 11:53 a.m. ET
First Published: April 2, 2025 at 9:08 a.m. ET
Tesla Inc. reported first-quarter deliveries that were even worse than Wall Street feared, but the electric-vehicle giant’s stock managed to seesaw into the green Wednesday, as the damage may have already been done.
Tesla’s TSLA weak performance comes at a time when some of its key rivals are seeing strong growth. That effectively confirms the brand destruction, due in part to Chief Executive Elon Musk’s high-profile position in the Trump administration and positions he’s taken in European electoral politics, with a report emerging near midday that Musk’s White House days are now numbered. That helped push the stock upward.
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