Higher interest rates and an uncertain economy are wreaking havoc on Tesla. Not only did unit sales barely grow in the fourth quarter of 2024 (they grew 2% year over year), but automotive revenue also tanked as the company aggressively cut prices.

The Tesla logo is a nod to Nikola Tesla. It features a ‘T’ - like cross-section of an electric motor. Read More: US consumers to bear brunt of Donald Trump's reciprocal tariffs: Here's what could get expensive

What began as localized demonstrations outside Tesla showrooms has evolved into a broader movement. Today the EV manufacturer announced their deliveries 13% in Q1.

(Reuters) -Tesla sales in Germany dropped in March compared with the same time last year and were marginally lower in the UK, despite a spike in overall EV sales in both markets, data showed on Thursday.

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.

With Tesla having issues selling new Cybertrucks, the automaker is reportedly not taking any as trade-ins. Many Cybertruck owners reported trying to trade-in the truck for a new vehicle and they were told that the automaker currently doesn’t accept its own vehicle as a trade-in.

Competition from China also continues to squeeze Tesla. Chinese EV maker BYD sold over 416,000 pure electric vehicles in the same quarter, a 39% rise year-on-year, surpassing Tesla once again in global sales. Tesla still leads in full-year numbers, but analysts say that could change by the end of 2025.

Canada has not “shut down” Tesla in the country, a federal government spokesperson and a spokesperson for Canada’s automotive parts manufacturers’ trade association told Reuters, contrary to online claims.

Tesla's new car registrations in Italy rebounded sharply in March after a plunge the previous month to stand down 7% year-on-year in the quarter as a whole, data from the Transport Ministry showed on Tuesday.