CEO Elon Musk pledged Tesla would return to growth this year after the company posted its first-ever sales decline in 2024. But the odds look stacked against him.
Relentless protests in many countries against the billionaire's involvement in U.S. President Donald Trump's administration and far-right politics in Europe have tarnished the image of the once-leading electric vehicle brand. That was a key factor behind Tesla posting a 13% drop in quarterly deliveries on Wednesday, the weakest in nearly three years.
Now, investors and analysts are bracing for a fall in Tesla sales again this year.
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