Tesla is in a world of hurt. Sales in California, its main market in the U.S., plummeted 31% in January from a year ago. European numbers are even worse, dropping 43% in the year’s first two months. And in China, by far its most important market for profitability,
Tesla sales crashed 29% through February. Its stock has tanked, dropping 34% this year. A backlash has grown against part-time CEO Elon Musk–who also leads five other companies–with protests at Tesla stores and the torching of vehicles as he carries out a clumsy attempt to slash government workers and spending as Trump’s DOGE master.
Forbes Senior Editor, Alan Ohnsman, is someone who has covered Elon Musk for over a decade. Here he shares his unique perspective.
Read the full story on Forbes: https://www.forbes.com/sites/alanohnsman/2025/03/27/things-are-bad-at-tesla-theyre-about-to-get-much-worse/
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