Tesla sales drop 13% in first quarter as Elon Musk backlash, aging models hurt demand – The Mercury News

Tesla sales drop 13% in first quarter as Elon Musk backlash, aging models hurt demand – The Mercury News

By BERNARD CONDON | Associated Press NEW YORK  — Tesla sales declined 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. The double-digit drop is likely due to a combination of factors, including its aging lineup, competition from rivals and…

Read More
Trump's tariff, EV orders signal uncertain year for auto market

Trump’s tariff, EV orders signal uncertain year for auto market

Executive orders signed by President Donald Trump on Jan. 20 emphasized his hopes to scale back available electric vehicle subsidies and increase tariffs on products from other countries, highlighting the uncertain trajectory of a post-election auto market.   One of the orders, titled “Unleashing American Energy,” aims, in part, to eliminate “unfair subsidies and other ill-conceived…

Read More