Shares of Tesla fell more than 2% on Wednesday as the company recorded a bigger-than-expected drop in sales in the January-March period.

Tesla witnessed a 13 percent slump in vehicle sales in the first three months of 2025. The electric vehicle company has actually experienced

Germany’s Economy Minister thinks that this might be an opportunity for local brands.

Tesla has come under scrutiny worldwide amid the role of CEO Elon Musk in US President Donald Trump's second administration, with sales slumping and dealerships facing boycotts and vandalism. But online posts claiming several foreign governments have banned the electric carmaker are false.

Tesla's share of Europe's EV market more than halved to just 10% in February, but last month likely marked the worst for the brand as the newer Model Y starts to roll out to patient customers.

Competition from China also continues to squeeze Tesla. Chinese EV maker BYD sold over 416,000 pure electric vehicles in the same quarter, a 39% rise year-on-year, surpassing Tesla once again in global sales. Tesla still leads in full-year numbers, but analysts say that could change by the end of 2025.

After being laid low through 2024 – the year that saw the loss of the Clean Car Discount and the introduction of Road User Charges for light electric vehicles – EV sales continued their 2025 perk-up,

STORY: Tesla sales hit another major bump in the road as first-quarter deliveries fell 13%.That's according to figures released Wednesday (April 2).The electric vehicle giant was hurt by a backlash against CEO Elon Musk's political stance.

Tesla's sales dropped 13% in the first quarter of the year, hinting at struggles like an aging product lineup, rivalry competition, and backlash against Elon Musk's political views, all potentially impacting this month's earnings report.