The bad time for Tesla continues. The EV making company has recorded a record decline in sales compared to last year. CEO Alan Musk’s image has been affected by being involved in American politics, and heavy competition in the industry has damaged the manufacturer’s reputation. Tesla reported the sale of 384,122 cars for the quarter, which is a decline of about 60,000 units or 13.5 percent compared to the same period last year. This is the biggest decline in sales from year to year in the history of the company. However, the total sales are 14.1 percent more than the first quarter.

 

Tesla’s billionaire CEO promised last month that there would be a big return, after which the recent buying frenzy among investors has increased. The automekar now needs to distribute more than one million vehicles in a strong second half to avoid the decline in another annual sales, a task about which some analysts say that the tariff-operated economic uncertainty and the wide tax bill of the Trump administration can prove to be difficult due to the threats to eliminate the major EV incentives under the bill of the Trump administration, including the $ 7,50000 credits on the new sales and the $ 7,50000 on the lease of $ 7,500

Musk’s political participation, especially their relations with the Trump administration, have protested at Tesla’s showrooms in the US and Europe, as well as several incidents of sabotage targeting its vehicles and facilities. In Europe, Tesla’s sales declined for the fifth consecutive month in May, causing nervousness among investors, which hoped that the company’s anger towards the CEO would have reduced by now. Although Tesla has emphasized proposals such as low-cost financing to promote demand, she has not yet launched the promised cheap models in the market, where her Chinese rivals are winning the attractive and feature-packs of her Chinese rivals.