Would-be Tesla buyers snub company as Musk's reputation dips [View all]

[Eugene]

Source: Reuters

Would-be Tesla buyers snub company as Musk's reputation dips

Hyunjoo Jin and Nick Carey
Mon, April 1, 2024 at 6:07 AM EDT·5 min read

SAN FRANCISCO/LONDON (Reuters) - The ranks of would-be Tesla buyers in the United States are shrinking, according to a survey by market intelligence firm Caliber, which attributed the drop in part to CEO Elon Musk's polarizing persona.

While Tesla continued to post strong sales growth last year, helped by aggressive price cuts, the electric-vehicle maker is expected to report weak quarterly sales as early as Tuesday.

Caliber's "consideration score" for Tesla, provided exclusively to Reuters, fell to 31% in February, less than half its high of 70% in November 2021 when it started tracking consumer interest in the brand.

Tesla's consideration score fell 8 percentage points from January alone even as Caliber's scores for Mercedes, BMW and Audi, which produce gas as well as EV models, inched up during that same period, reaching 44-47%.

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Read more: https://news.yahoo.com/tesla-buyers-snub-company-musks-100751650.html