After a first-quarter surge, EV registrations took a sudden tumble in April, the first fall in more than a year, according to industry data. The dip came despite a strong showing by several brands, including General Motors. The primary reason for the downturn as slowing demand by the giant in the battery-sector, Tesla. More from Headlight.News.
If you’re a Tesla shareholder you’re likely quite pleased to hear CEO Elon Musk promise to back away from his work in Washington to become “super-focused” on the automaker and his other companies. If you’re a buyer looking for an EV, however, that may not matter much, Tesla sales continuing to tumble in markets as diverse as Europe, China and the U.S. Headlight.News has more.
Tesla sales for the first quarter of 2025 fell to their lowest level in three years, even as overall EV command continued to rise worldwide. The plunge reflected a growing backlash against Tesla CEO Elon Musk’s political shift to the far right and his role as head of the Trump administration’s controversial Department of Government Efficiency. Headlight.News has this breaking story.
Tesla stock wracked up its sixth straight loss on Thursday, reaching its lowest point since the automaker’s shares surged in the wake of the 2024 presidential election and CEO Elon Musk’s close ties to Donald Trump. Musk’s role in the new Trump administration has been a key factor in the downturn, but analysts warn of other issues that could make it difficult for Tesla to bounce back.