Tesla is set to release its first-quarter car delivery figures on Wednesday, with analysts predicting a sharp decline in sales due to CEO Elon Musk’s political controversies, a slowdown in the electric vehicle (EV) market, and growing competition.
Tesla’s share price fell 36% in the first quarter, erasing approximately $460 billion in market value and wiping out all gains since the US election day. Speaking at a town hall event in Wisconsin, Musk remarked, “It’s costing me a lot to be in this job,” referring to his government position as the head of the Department of Government Efficiency (DOGE). On Monday, US President Donald Trump suggested that Musk’s tenure in government may soon end, as he is expected to return to running his companies full-time.
