Tesla has reported a significant 13% drop in electric vehicle sales over the past three months, with the company selling 384,122 vehicles between April and June—down from 443,956 in the same period last year. This decline comes as CEO Elon Musk’s increasingly vocal support for U.S. President Donald Trump and far-right political figures in Europe has sparked a persistent backlash, impacting consumer sentiment and sales performance.
Key Figures and Market Impact
- Total sales (April–June 2025): 384,122 vehicles (down from 443,956 YoY)
- Sales drop: 13%
- Net income (Q1): Down 71%, adding pressure ahead of Q2 earnings
- Models 3 and Y: 373,728 units sold, surpassing Wall Street estimates of 356,000
- Stock reaction: Tesla shares rose 4% in premarket trading due to strong Model 3 and Y sales
Political Backlash and Financial Pressure
The sales plunge highlights ongoing consumer backlash against Musk’s political alignment, with public anger showing little sign of easing. This trend has raised concerns about Tesla’s upcoming second quarter earnings, especially after a sharp 71% decline in net income during Q1.
Affordable Models Outperform
Despite the overall drop, Tesla’s more affordable Models 3 and Y performed better than expected, providing a silver lining for the company and boosting investor confidence in early trading1.
As Tesla prepares to release its Q2 earnings report later this month, all eyes are on whether the EV giant can reverse the negative trend and reassure both consumers and investors amid ongoing controversy.
