3 d. ago Tesla sales plunge by 13% to a three year low amid backlash against boss Elon Musk, a model redesign and slump in demand from China

The world's richest man and self-declared Tesla 'Technoking' has attracted widespread international condemnation for his social media activity and actions such as an alleged Nazi salute.

Economics

3 d. ago Tesla quarterly sales slump 13% amid backlash against Elon Musk

Drop is likely combination of ageing lineup, increased competition and backlash to Musk’s politicsTesla sales declined in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers.The drop of 13% is likely due to a combination of factors, including its ageing lineup, competition from rivals and a backlash from Musk’s embrace of rightwing politics. It also is a warning that the company’s first-quarter earnings report later this month could disappoint investors. Continue reading...

Economics

3 d. ago Tesla sales drop 13% in first quarter as Elon Musk backlash, aging models hurt demand

Tesla sales fell in the first three months of the year in another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers

Politics

3 d. ago Tesla sales drop dramatically amid backlash against Elon Musk

Tesla delivered 13 percent fewer cars in the first quarter of this year, it has said, amid growing backlash to Elon Musk.

Economics

1 week ago UK retail sales slump in March; Lower Thames Crossing approval welcomed (and criticised) – business live

UK retailers gloomy, while tunnel to connect A2 and M2 in Kent to the A13 and M25 in Essex has been approved.Lower Thames Crossing plan for Essex and Kent approved by governmentEuropean stock markets are higher this morning, as investors cling to hopes that Donald Trump’s plan to impose reciprocal tariffs on trading partners could be more targetted than feared.The pan-European Stoxx 600 index has gained 0.57% this morning, with gains on the German DAX (+0.5%), French CAC (+0.9%) and Italian FTSE MIB (+0.7%).US markets are beginning to show some belief that President Trump’s strong arm negotiating tactics on tariffs might not be quite as punitive for the US economy as feared.There are growing hopes that if they are more targeted, as rumoured, they might helpshore up domestic industry, while securing better terms for the US on the global trading stage.Tesla currently faces a number of challenges in Europe, ahead of the launch of its new Model Y mid-size SUV this month. The EV maker ha...

Economics

1 week ago UK retail sales slump in March amid weak confidence, CBI says – business live

Rolling coverage of the latest economic and financial newsEuropean stock markets are higher this morning, as investors cling to hopes that Donald Trump’s plan to impose reciprocal tariffs on trading partners could be more targetted than feared.The pan-European Stoxx 600 index has gained 0.57% this morning, with gains on the German DAX (+0.5%), French CAC (+0.9%) and Italian FTSE MIB (+0.7%).US markets are beginning to show some belief that President Trump’s strong arm negotiating tactics on tariffs might not be quite as punitive for the US economy as feared.There are growing hopes that if they are more targeted, as rumoured, they might helpshore up domestic industry, while securing better terms for the US on the global trading stage.Tesla currently faces a number of challenges in Europe, ahead of the launch of its new Model Y mid-size SUV this month. The EV maker has a smaller, ageing lineup while traditional automaker rivals and new Chinese entrants alike continue to launch new, of...

Economics

1 week ago Tesla’s Europe sales drop nearly 45% amid row over Musk’s Trump links

US carmaker’s European market share falls as Chinese rival BYD overtakes it on global revenue, topping $100bnBusiness live – latest updatesSales of new Tesla cars slumped in Europe last month in the latest indication of a potential buyer backlash over Elon Musk’s high profile and controversial behaviour since becoming a leading figure in Donald Trump’s administration.The Texas-based electric carmaker sold less than 16,000 vehicles across Europe last month, down 44% on average across 25 countries in the EU, the UK, Norway and Switzerland, according to data compiled by the research platform Jato Dynamics. Continue reading...

Politics

2 w. ago Trump pulls security clearances for Biden family, Kamala Harris, Hillary Clinton, among others: Live updates

As backlash over billionaire Elon Musk’s role in administration grows, president says he was at Pentagon on DOGE cost-cutting business, not to see secret plans for combat with China as reports said

Politics

2 w. ago ‘Tesla is a good target’: Elon Musk’s car business is focus of fury for political role

Justice department’s threat to ‘come after’ demonstrators against Trump-allied billionaire fails to deter protestsHundreds of people protested at Tesla dealerships across the US over the weekend, as the backlash against Elon Musk and the Trump administration continued despite a warning from the attorney general that the government will be “coming after” protesters.The protests, in cities including Los Angeles, Philadelphia, Boston and New York, have come as Musk has seen his net worth plunge and the sales of Teslas plummet in Europe. In Brooklyn, New York, about 50 people gathered outside a Tesla showroom on Saturday afternoon to loudly make their displeasure clear, the fourth such protest in the last four weeks. Continue reading...

Politics

3 w. ago Digested week: Just enjoy Tesla shares tumbling as Trump crashes the markets | Emma Brockes

The Elon Musk backlash, boos for JD Vance, Meghan naming protocol, a wombat botherer and – OMG! – buying kittensTo the people who parked their consciences and voted for Donald Trump because they thought he’d slash regulation, cut corporate taxes and eviscerate the federal government to send their stock holdings soaring, I’d like to ask: “How’s that working out for you?” For anyone with a pension, college savings or other assets in the US market this was an unrelaxing week, during which the Dow fell by almost 900 points on Monday and some $4tn (£3tn) was wiped off the S&P 500. Continue reading...

Events

3 w. ago Shots fired at Tesla dealership as backlash against Elon Musk grows

Police in Oregon say gunshots were fired at a Tesla dealership for the second time in a week

Economics

3 w. ago Ben Jennings on Elon Musk and the backlash against Tesla – cartoon

Continue reading...

Politics

3 w. ago The beginning of the end for the Apple Watch? Global sales slump by 19%

It has been almost 10 years since Apple unveiled its first smartwatch to the world. But new figures suggest that many users have fallen out of love with their devices.

Politics

3 w. ago Hours after Trump promises to buy a Tesla, reports of Elon Musk’s plans to donate $100M to MAGA super PACs emerge

Trump says that the world’s richest man is being treated ‘very unfairly’ amid Tesla’s sales and share price slump

Politics

3 w. ago Stella McCartney's fashion house sounds the alarm over its finances after a slump in sales

The label, run by the daughter of Beatles legend Paul McCartney , said it would need further cash in 2028 amid a drastic global slowdown in demand for luxury fashion.

Economics

3 w. ago Are the wheels coming off at Tesla? As shares tank, City experts reveal what's REALLY happening

The writing may not yet be on the wall but it is on the back bumper. Tesla owners can now buy anti-Musk stickers such as: 'I bought this before I knew Elon was crazy'.

Events

3 w. ago Revealed: How wheels are coming off at Tesla. As the share price tanks, City experts tell what's REALLY happening... and exactly what it means for your money

The writing may not yet be on the wall but it is on the back bumper. Tesla owners can now buy anti-Musk stickers such as: 'I bought this before I knew Elon was crazy'.

Economics

last month Poundland put up for sale after sales slump in 'challenging' conditions for high street

Owner Pepco said Budget tax hikes have put extra pressure on the ailing chain

Politics

last month Poundland put up sale after sales slump in "challenging" conditions for high street

Owner Pepco said Budget tax hikes have put extra pressure on the ailing chain

Politics