Tesla sales plunged 13% in the first three months of this year, as the company reported the largest drop in deliveries in its history by far, as backlash against CEO Elon Musk, and growing competition from other automakers’ electric vehicles,

Tesla's quarterly sales plunged 13% to the weakest in nearly three years, hurt by a backlash against CEO Elon Musk's politics, rising global competition and people waiting for a refresh to its highest-selling electric vehicle Model Y.

Tesla's operating margin has been on the decline in recent years. Investors now know that EV sales plunged in the first quarter. If operating margin also continued to decline, the stock may have more room on the downside. Watch for that number when the company reports in a few weeks.

Some of the first-quarter slowdowns may be due to customers waiting for the updated version of the car. Refreshes for Tesla's full-size Model S and Model X are expected by the end of 2025, potentially setting the stage for a dramatic rebound in deliveries in 2026.

Tesla investors are bracing for a drop in Q1 vehicle deliveries as a backlash against CEO Elon Musk's politics exacerbates weakening demand.

Tesla's first-quarter deliveries came in below analysts' expectations and represented a decline of 50,000 vehicles from a year ago, as CEO Elon Musk's political role has drawn protests.

Tesla needs fresh models to stem its sales decline in the U.S., Cox Automotive says. But CEO Elon Musk insists that autonomous vehicles are the future.

Tesla’s European problems are not over. Some countries have already reported their March delivery numbers,, and despite the new