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Tesla records worst deliveries in two years amid Elon Musk backlash; Rivian starts a challenging year with a big slip in deliveries
Manage episode 475001413 series 1321951
Tesla recorded 336,681 deliveries, its worst quarterly performance in more than two years as the brand suffers a backlash to CEO Elon Musk’s political maneuverings. The dip in sales comes as Musk continues leading DOGE, the “advisory body” that has laid off thousands of federal employees and attempted to eliminate entire agencies and programs; Rivian delivered just 8,640 vehicles in the first three months of 2024, the company’s worst quarterly mark since the end of 2022. But the company says the slow start won’t impact its overall guidance for the year — it still expects to deliver between 46,000 and 51,000 EVs by the end of 2025.
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5759 episodes
Manage episode 475001413 series 1321951
Tesla recorded 336,681 deliveries, its worst quarterly performance in more than two years as the brand suffers a backlash to CEO Elon Musk’s political maneuverings. The dip in sales comes as Musk continues leading DOGE, the “advisory body” that has laid off thousands of federal employees and attempted to eliminate entire agencies and programs; Rivian delivered just 8,640 vehicles in the first three months of 2024, the company’s worst quarterly mark since the end of 2022. But the company says the slow start won’t impact its overall guidance for the year — it still expects to deliver between 46,000 and 51,000 EVs by the end of 2025.
Learn more about your ad choices. Visit podcastchoices.com/adchoices
5759 episodes
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