Tesla EV sales plunge! 13% drop in three months; anti-Elon Musk sentiment harms

Elon Musk owned Tesla is feeling the heat as his political opinion has been casting a shadow over the company’s sales since the last three months. Over the period, the sales of Tesla electric cars have fallen 13%, with predictions that the EV giant could also disappoint with its earnings.Between April and June, Tesla sold 384,122 vehicles, down from 443,956 during the same period last year. The drop highlighted a persistent backlash against Musk’s increasingly vocal support for US President Donald Trump and far-right political figures in Europe, despite earlier expectations that public anger might ease over time.The figures also raise concerns over Tesla’s upcoming second quarter earnings report, due later this month. In the first quarter, the company’s net income dropped by a sharp 71%, adding pressure to deliver more promising financials.Interestingly, while overall deliveries dipped, sales of the more affordable Models 3 and Y reached 373,728, beating Wall Street estimates of around 356,000. The better-than-expected performance in this segment gave Tesla shares a 4% boost in premarket trading.Earlier hopes for a rebound had grown after Musk officially stepped away from a role in the Trump administration, where he had served briefly as a cost-cutting adviser.