Tesla Q1 sales hurt by Musk’s ‘polarizing politics,’ says Cantor Fitzgerald

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Thu, Apr 3, 2025, 7:00 AM 1 min read

Cantor Fitzgerald says Tesla (TSLA) pre-announced that it delivered 336,681 vehicles in Q1, below the Bloomberg consensus of 377,590. Tesla also pre-announced that it had produced 362,615 vehicles in Q1, below the Visible Alpha consensus of 437,818 vehicles, the analyst tells investors in a research note. The firm says the company’s sales in Q1 were affected by weak demand in Europe and CEO Elon Musk’s “polarizing politics, among other reasons.” Cantor keeps an Overweight rating on the shares with a $425 price target

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