Tesla's $362.83 Billion Trading Volume Leads the Day Despite 37.7% Decline

On April 3, 2025, Tesla's trading volume reached $362.83 billion, a 37.7% decrease from the previous day, making it the highest trading volume of the day. Tesla's stock price fell by 5.47%.

Tesla's quarterly sales experienced a significant decline of 13%, marking the weakest performance in nearly three years. This downturn was attributed to a backlash against CEO Elon Musk's political views, intensified global competition, and other market challenges.

Tesla's global vehicle deliveries in the first quarter of 2025 decreased by 13% compared to the same period last year. This decline is indicative of the broader challenges the company is facing, including slowing consumer demand for electric vehicles and the controversy surrounding Musk's political stance.

Tesla delivered 336,681 vehicles in the first quarter of 2025, which is the lowest quarterly performance since the second quarter of 2022. This figure is 50,000 fewer vehicles compared to the first three months of the previous year, highlighting the significant drop in sales.

Tesla's sales in Europe and China have also seen a notable decrease. In Europe, Tesla's sales fell by 49% in the first two months of the quarter, despite an overall increase in EV sales in the region. This decline can be attributed to boycotts and controversies surrounding Musk's political views. In China, Tesla faces growing competition from other EV automakers, with Chinese automaker BYD reporting a 39% increase in sales, overtaking Tesla as the world's largest seller of EVs.