Could Tesla Be the Stock Least Affected by Tariffs?
Tesla delivered 336,681 vehicles in Q1, marking a 13% year-over-year decline, the lowest since 2022. The drop in deliveries was mainly due to the Model Y refresh and Elon Musk’s controversial remarks on a global scale.
Later, Politico reported that Musk might step down from his DOGE advisory role in the coming weeks. Following the news, Tesla's stock rebounded intraday, ultimately closing up 5.33% after dropping as much as 6.4% earlier in the session.
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Does Q1 delivery miss mean Tesla will have a tough time?
Is Musk's exit from DOGE a turning point?