During the Qatar Economic Forum, Elon Musk dismissed the concern over his Tesla’s poor performance but the data seem to show contrary results.
When asked regarding Tesla’s poor sales in early 2025, especially in Europe, Musk claims that his business has “already turned around.” Although he admitted Tesla’s market in Europe is lagging, Musk claimed the company’s strong performance in other regions.
Nonetheless, the data does not seem to support that statement. Tesla’s sales in China back in April fell by 8.6% YoY, while the sales in the U.S. dropped almost 13% YoY. The sales in Australia fell dramatically, as it dropped by 76% YoY.
Musk mentioned the high trading in the stock market to dismiss any weak claims. Although the company’s share has recently been climbing, it is still 13% below the level in January, and 30% below its all-time high.
Besides Tesla’s performance, Musk’s compensation for his work at the company was also brought up. If Tesla’s committee cannot reinstate the 2018 pay package blocked by the Delaware Supreme Court, they need to find an alternative way to pay its CEO.
Several large shareholders object to the amount Musk would be receiving. However, he threatened that if he did not get more stock options, he would remove projects, like artificial intelligence, from Tesla, which could affect the company significantly.
Later, Musk announced the testing of robotaxi in Austin, U.S. at the end of June. The company will send 10 EVs on the road with operators prepared to take control remotely. The Tesla CEO confirmed that if the test goes well, he will send thousands more for testing.
