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Fortune

Christiaan Hetzner

Tesla leads U.S. sales of EVs lower in April, marking the first annual drop in over a year

Tesla Inc. Elon Musk United States SP Global Mobility Automotive News Chevrolet

Elon Musk looks on during a Cabinet Meeting in the Cabinet Room of the White House. (Credit: Brendan Smialowski—AFP/Getty Images)

Sales of Tesla vehicles in the U.S. fell 16% in April, according to data from S&P Global Mobility cited by trade publication Automotive News. With a share of 40%, even the slightest weakness at Elon Musk’s company has a disproportionate effect on monthly EV sales. Musk meanwhile has dismissed concerns he has a demand problem on his hands.

When Tesla sneezes, the entire U.S. electric vehicle market catches a cold.

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