Tesla’s sales fell 13.5% in Q2 2024 compared to the same period last year, marking two consecutive quarters of decline. The company delivered 384,122 vehicles and produced slightly fewer cars than the previous year. Tesla’s stock price dropped nearly 26% this year, its worst among major tech stocks. Increased competition from affordable Chinese EVs and political backlash against CEO Elon Musk, including protests and strained ties with Donald Trump, are impacting the company’s sales and reputation.