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2025-04-02 18:30:00| Fast Company

On Wednesday, Tesla reported its largest drop in delivery numbers to date, and a 13% drop in sales since the beginning of the year, in part due to backlash against CEO Elon Musk’s role in the U.S. government, coupled with growing competition in the EV market. However, by midday, shares of the EV maker started moving higher following an unconfirmed Politico report that Musk may soon step away from his role in the Trump administration. That report said Trump insiders and allies have become increasingly “frustrated with his unpredictability” and see him as a “political liability,” but the retreat is also likely the result of the hit his businesses have taken. Heres what to know about the latest Tesla delivery numbers and sales, as well as how the companys stock is doing today. Tesla first-quarter sales and delivery numbers plummet A look at the numbers shows Tesla posted its worst sales in nearly three years. It delivered 336,681 cars in the first quarter, down from 387,000 in the first three months of 2024 and less than in any period since the second quarter of 2022. The EV maker missed analyst estimates of as low as 350,000 vehicles. Analysts had predicted lower sales following poor European numbers, and because Tesla temporarily closed some factories to update the new Model Y. On Tuesday, Electrek reported Tesla has $200 million worth of unsold Cybertrucks sitting in its inventory. Tesla sales in Europe and China are down Wednesday’s sales report follows data from the European Automobile Manufacturers Association that confirm Tesla sales fell 49% in Europe in the first two months of the quarter, despite the fact that overall EV sales in Europe were up 28%, pointing to a loss of the electric vehicle market share. Another reason for the drop can be attributed to European Tesla boycotts over Musk’s controversial political views, including his support for Europe’s far-right parties. While Europe isn’t the largest market for electric vehicles, China is. China is also Tesla’s second largest market after the U.S., where it now faces growing competition from other EV automakers. Chinese automaker BYD reported sales of more than 416,000 fully electric passenger vehicles in the quarter, up 39% from the previous year, overtaking Tesla as the worlds largest seller of EVs. What does this mean for TSLA stock? Shares of Tesla (Nasdaq: TSLA) fell about 2% in early trading and are now up about 4% in midday trading at the time of this writing due in part to that Politico report that Musk may be moving on from the White House. While the Tesla stock started the year strong, and nearly doubled after the presidential election, it has lost 44% since December’s all-time high. In 2025, the stock is down over 35% year-to-date, taking a major hit due to the Musk backlash, including protests at Tesla dealerships in the form of Tesla Takedowns. A recent CNN poll found 53% of Americans rate Musk negatively, with only 35% giving him a positive rating, making him even more unpopular than Vice President JD Vance (who has a 44% unfavorable rating.)


Category: E-Commerce

 

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2025-04-02 17:50:56| Fast Company

For Jews in Canada, much like their American counterparts, Manischewitz kosher wine has become a staple of Passover and other religious celebrations. But now many are struggling to find the New York state-made drink for the wine-heavy spring holiday as Canadian government retailers and wholesale monopolies pull American-made products from shelves in protest of U.S. President Donald Trump‘s tariffs and annexation threats. The missing wine illustrates how Trump’s instigation of a trade war with Canada and his bellicose talk is causing pain for Canadian consumers and U.S. beverage companies like Manischewitz owner E & J Gallo Winery, as well as potential opportunities for Canadian competitors. Many Canadian consumers are embracing a “Buy Canadian” movement and avoiding U.S.-made goods, but for some specialized products like sweet and fruity Manischewitz kosher wine, there is no true alternative, kosher goods retailers and consumers say. Canada’s provincial governments control liquor sales and wholesaling, and since early March have all banned U.S. alcohol imports as well as most distribution and sales, including Manischewitz wine and Jack Daniels bourbon whiskey. Existing stocks have been yanked from shelves across the sprawling nation. Private stores, allowed to sell existing supplies, told Reuters their Manischewitz bottles were snapped up by shoppers soon after the provincial governments’ bans were announced. “People are freaking out,” said Louise Waldman, a Winnipeg Jew who associates the particular taste of Manischewitz wine with a lifetime of Passover meals. Manischewitz and Gallo did not respond to requests for comment. During Passover, which begins on April 12, Jews gather for traditional meals, called seders, and eat specific foods including horseradish, parsley and eggs. Traditionally, each participant drinks four glasses of wine throughout the meal. Aaron Bernstein of family-owned Bernstein’s Delicatessen, a Jewish food store and restaurant in Winnipeg in Western Canada, said he has had to tell patriotic Canadian shoppers that there are not domestically made versions of some kosher products. “There’s no other product like Manischewitz wine,” he said. Made kosher in Canada Canadian Jews seeking kosher wine to fulfill the ceremonial obligation might still find some Israeli wine in some government-operated liquor stores. Manitoba Liquor Marts offer three kosher wines, such as both red and white from the Galil Mountain Winery, a spokesperson said. But for some kosher foods producers in Canada, the upsurge in patriotic pride and the desire for “Made in Canada” goods is a chance to expand business. Ritesh Patel, the director of operations for Elman’s Food Products, a Winnipeg kosher foods processor since 1938, hopes to capture more of the domestic kosher market. The company is in talks with major national chains about carrying their pickled products like sauerkraut, eggs and horseradish, he said. To replace some American products, Bernstein said his deli has been ordering more products from Israel, but imports take longer to arrive because of the extended supply chain. For some Canadian Jews who keep kosher, the concern goes beyond missing holiday foods and extends to the risk of tariffs and higher prices on other staple products making groceries unaffordable. “We’re very concerned in general. The price of food is astronomical and the price of kosher food is even more concerning,” said Richard Rabkin, the managing director of the Kashruth Council of Canada, the country’s largest kosher certification agency. Ed White and Leah Douglas, Reuters


Category: E-Commerce

 

2025-04-02 17:30:00| Fast Company

Nationwide protests against the Trump administration and adviser Elon Musk are planned for this Saturday, April 5 in all 50 states. The day of events, dubbed “Hands Off!,” will include protests in many red states including Alabama, Mississippi, Texas, and Florida, as well as major cities such as New York, L.A., and San Francisco. A flagship march is scheduled to take place on the grounds of the Washington Monument in Washington, D.C. Here’s everything you need to know about the day of protests. What is the Hands Off protest? The aim of the protests is to voice opposition to various Trump administration policies and massive budget cuts and layoffs across federal agencies spearheaded by Musk’s so-called Department of Government Efficiency (DOGE). “This is a nationwide mobilization to stop the most brazen power grab in modern history . . . They’re taking everything they can get their hands on,” Hands Off has posted on its website. “Our health care, our data, our jobs, our services . . . we’re taking to the streets nationwide to fight back with a clear message: Hands off!” Who’s behind the protest? The protests are organized by Indivisible, a grassroots movement aimed at rebuilding democracy and defeating Trump, which is partnering with a broad coalition of groups including: the Womens March, United Federation of Teachers, Public Citizen, Progressive Democrats of America, Common Cause, Human Rights Campaign, MoveOn, the League of Women Voters, Planned Parenthood, as well as some unions including AFL-CIO, UAW, and SEIU. Indivisibles co-executive director Ezra Levin told MSNBC’s Rachel Maddow that Hands Off is going through a wave moment, in which it’s seeing a larger number of people interested in volunteering, organizing, and participating. How big is the Hands Off protest? “We expect April 5th to be the largest single-day protest since Donald Trumps second inauguration,” a spokesperson for Hands Off told Fast Company. “Actions are scheduled in over 1000 cities nationwideand counting, with over 250,000 people expected to attend. Events [will] include marches, demonstrations and rallies.” Many of the protests are scheduled to take place at state capitals, federal buildings, and congressional offices including at Social Securitys headquarters. There are also protests planned for the Daley Center in Chicago, city halls in Philadelphia and Los Angeles, and Bryant Park in Manhattan, as well as multiple cities outside the U.S., including London, Madrid, and Zurich.


Category: E-Commerce

 

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