Elon Musk's Terrible Quarter: Tesla's Dismal Q1 Performance Demonstrates Weakness in EV Market
Tesla's lackluster sales performance in the first quarter of 2024 has caught many analysts off guard, signaling deeper issues for both Elon Musk's electric vehicle manufacturer and the entire EV market.
It was a niche market to start with. A Market that’s been flooded. Everywhere you look there’s either an EV startup or an Auto Giant that’s released their own EVs or Hybrids.
It doesn’t help that EVs tendency towards catching on fire once the battery is damaged is now largely public. Or that replacing the battery can cost as much as buying a new bloody EV outright.
Elons tendency towards pissing off the demographic most likely to buy EVs also likely isn’t helping Tesla sales.
It seems like anybody who would be interested in getting an EV has one by now.
Elon is going to have to sell Tesla in order to save his fortune.
After an hour only 34%?
Long way to say 'yes'.
But EVs are so useful! You can also use them as a barbeque: https://i.ytimg.com/vi/qdVOTL3Suo0/maxresdefault.jpg