1. Tesla's sales in Québec dropped 85% in Q1 2025. 2. Model Y registrations fell to 360, from 3,274 in Q4 2024. 3. Canada's EV rebates frozen due to fraud concerns and tariffs. 4. Political backlash against Musk led to protests and vandalism. 5. European sales also dropped, indicating brand-specific issues.
The 85% drop in sales in Québec indicates serious brand issues. Historical examples include similar declines leading to negative market sentiment.
Significant sales declines and government actions affecting rebates could lead to wider impacts. The negative association with Musk's recent activities can influence investor confidence markedly.
Sales declines may worsen in the upcoming quarters as brand perception deteriorates. Recent trends in negative publicity and rebate issues could impact investor sentiment immediately.