\n<\/p>\n
Elon Musk’s Tesla has reported a 14% decline in vehicle deliveries in the second quarter of the year, as the electric car-maker’s problems show no sign of abating.<\/p>\n
The just over 384,000 vehicles it delivered between April and June represents the second quarterly drop in a row.<\/p>\n
Tesla faces increasing competition from rivals, including China’s BYD. Musk’s controversial role as a government efficiency czar in the Trump administration has also been blamed for the plummeting numbers.<\/p>\n
Musk has since left the role – but has publicly sparred with US President Donald Trump over a massive spending bill pushed by the White House.<\/p>\n<\/div>\n
In response, Trump floated cutting the subsidies received by Musk’s firms or even deporting him.<\/p>\n
Trump suggested<\/a> that the ad-hoc Department of Government Efficiency – known as Doge – could be used to harm the billionaire’s companies.<\/p>\n “Elon may get more subsidy than any human being in history, by far,” Trump wrote on social media Tuesday. “Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!”<\/p>\n “I am literally saying CUT IT ALL. Now,” Musk replied.<\/p>\n Trump has said that Musk’s opposition to the spending bill stems from a provision that removes incentives to buy electric vehicles.<\/p>\n “He’s upset that he’s losing his EV mandate, he’s very upset, he could lose a lot more than that, I can tell you that,” Trump told reporters on Tuesday.<\/p>\n Though the quarterly deliveries metric is tracked closely by investors, some analysts have shrugged off the figures.<\/p>\n “The good news: that ~14% should mark the bottom,” wrote Deepwater Asset Management’s Gene Munster on Musk’s social media site X. “I have September down 10% and December flat.”<\/p>\n Munster said he expected uncertainty about the US EV tax credit to boost near-term sales as buyers scramble to purchase before it expires. <\/p>\n