Finance

April's Disastrous Start for Tesla: What’s Going Wrong?

2025-04-10

Author: Wei

Tesla Faces an Unprecedented Crisis

April is proving to be a nightmare for Tesla and its stock, TSLA. With top executives abruptly leaving, demand in freefall, and sales taking a hit, the electric vehicle giant is scrambling to stay afloat. To make matters worse, looming government incentives, both in the U.S. and internationally, are under serious threat.

Executive Exodus and Legal Troubles

The company is not only battling financial woes but also grappling with a lawsuit from OpenAI that could dent its reputation further. Highlighting the chaos, Tesla recently lost its head of software, adding to the list of top talent abandoning ship.

Canadian Scandal Unfolds

In Canada, Tesla's facing a scandal involving a staggering $43 million in backlogged rebates, which is being cited as a key reason for the public's growing discontent with the brand. Tesla claims the controversy stems from a misunderstanding, but the damage to its image seems to be severe.

Plummeting Demand and Product Delays

Adding insult to injury, a new inventory of Model Y vehicles is sitting unsold in the U.S., reflecting a troubling trend of reduced demand. Even more frustrating for fans, the highly anticipated Roadster 2.0 and Tesla Semi have been delayed indefinitely.

Desperate Measures and Brand Damage Control

In response to the backlash, Tesla is resorting to edgy social media marketing in an attempt to salvage its reputation. However, as public trust falters, it appears that Elon Musk's once unshakeable image is cracking under pressure.

What Lies Ahead for Tesla?

With 20 more days left in the month, the question looms: can Tesla turn this disastrous start around? The automotive world watches closely as the brand approaches a critical juncture in its tumultuous April.