CNN News Alert:
Tesla sales plunge 13% in biggest decline in company's history
Tesla sales plunged 13% in the first three months of this year, as the company reported the largest drop in deliveries in its history by far, as backlash against CEO Elon Musk, and growing competition from other automakers’ electric vehicles, took a large bite out of demand for its EVs.
Tesla reported that it delivered 336,681 cars in the quarter, compared to 386,810 in the first three months of last year. The Wednesday data represented the company’s worst sales in nearly three years, a drop of 50,000 vehicles from a year ago.