The overwhelming sales on Tuesday were attributed to the actions of Tesla’s CEO by one Tesla investor.
In response to the sales figures, Ross Gerber, CEO of Gerber Kawasaki, pointed to Elon Musk’s actions as the reason for Tesla’s inability to sell cars. He criticized the board of directors for not stopping Musk’s behavior, which he deemed toxic towards the Tesla brand.
Musk retaliated by calling Gerber an idiot and mentioning the challenges faced by Chinese rival BYD in the quarter.
Following Tesla’s revenue update and stock fall, Gerber expressed his disappointment, attributing the decline in deliveries to various factors including Houthi rebel attacks and delays in production.
Analysts raised concerns about slowing demand for Tesla vehicles, despite production challenges being mentioned as contributing factors.
While Musk’s controversial actions have led to a decline in sales in the US market, some analysts believe that Tesla’s long-term decisions will resolve the company’s problems.
Key figures in the financial industry voiced their concerns over Tesla’s sales figures, attributing the downturn to a combination of global EV demand slowdown and issues in China, rather than just Musk’s antics.
Tesla’s ongoing global fame, driven by Musk’s actions, continues to be a focal point, with experts highlighting the potential impact on sales and market perception.
Despite the challenges, Tesla is reportedly scouting locations in India for a new manufacturing plant, indicating long-term growth plans.
While some analysts downplay the impact of Musk’s behavior on sales, others believe that it contributes to the overall perception of the company and its products.
In conclusion, the future of Tesla remains uncertain, with various factors at play influencing the company’s performance in the market.
Tesla has not provided a comment on the situation at this time.
Source: www.theguardian.com
