Elon Musk's Tesla company found itself in a difficult situation due to the crisis in the electric vehicle market in the USA, as well as due to the shift of focus from electric car production to AI. This is reported by UNN with reference to Gizmodo.
Details
Prices are too high, charging station infrastructure is still lacking, and consumer concerns are growing. In addition, Musk's close cooperation with the Trump administration has alienated many progressive buyers who once stimulated demand for Tesla products.
Analysts at Bank of America, Piper Sandler, and Wedbush predict a decline in demand for Tesla products. They cite tariffs, failed deliveries, and the cessation of electric vehicle subsidies as major obstacles. And while Tesla will still make money from regulatory credits this year, this revenue stream is shrinking.
At the same time, the publication reports that global sales of Tesla cars have fallen by more than 13%. The expiration of the $7,500 federal tax credit on September 30 is becoming increasingly threatening.
Recall
Tesla shares fell by more than 3% in early July. This happened due to investors' concerns about Elon Musk's focus after his statement about creating a new political party in the USA. This decision marked a new escalation of Elon Musk's animosity with President Donald Trump.