The car company that has faced boycotts for months said Wednesday that revenue dropped 12% and net income slumped 16% in the three months up to June, compared to the previous year, as buyers continued to stay away.
"The perception of Elon Musk, its chief executive, has rubbed the sheen right out of what once was a darling and soaring automotive brand," wrote Forrester analyst Dipanjan Chatterjee in an email. Adding that, Tesla is "a toxic brand that is inseparable from its leader."
