What's Driving Tesla's Woes?

Tesla sales fell in the US once again last month, following a wider global trend that further fuels the suggestion that the growing backlash against billionaire CEO Elon Musk could be impacting Tesla at retail. According to Kelley Blue Book, Tesla shifted 43,650 EVs in February, a decrease of nearly 6 percent from the 46,262 sold in the same month last year. It's far from the crash seen in much of the rest of the world, with drops of over 75 percent in Europe in the first two months of the year (the UK being one of the the only markets bucking the trend, with Tesla's February sales jumping by 20 percent compared with the same month last year), but--whatever the reason--sales are stalling. In the US, the month-over-month sales decline in February was primarily driven by significant drops in Cybertruck and Model 3 sales, which fell by 32.5 percent and 17.5 percent, respectively. But Stephanie Valdez Streaty, director of industry insights for Cox Automotive, says these drops aren't that bad when considered within the wider market.