But once again, Musk has bigger issues at Tesla that came to a head July 2. Tesla had a rough start to the year as Musk's political outspokenness has turned off many potential buyers. After record sales in Q4 2024, the company has now reported two straight quarters of falling sales.

The company has devoted resources to autonomous driving rather than developing new models to attract car buyers.

Tesla is no longer the world’s leading electric vehicle maker after a record-breaking drop in sales. As analysts predict more woes for the US firm, Anthony Cuthbertson charts the recent demise of Musk