Robyn Denholm sold Tesla stock in recent months while Elon Musk, the chief executive she oversees, worked for President Trump and alienated many car buyers.
Robyn Denholm sold Tesla stock in recent months while Elon Musk, the chief executive she oversees, worked for President Trump and alienated many car buyers.
Ford Motor also reported a sharp drop in profits in the first three months of the year.
Robyn Denholm, who leads Tesla’s board, said on social media that board members were “highly confident” in Mr. Musk, the company’s chief executive.
El fabricante de automóviles comunicó el fuerte descenso de sus beneficios trimestrales después de que su marca se viera afectada por el papel de su presidente ejecutivo en el gobierno de Trump.
The carmaker is expected to report a decline in quarterly earnings after Tesla’s brand suffered because of its chief executive’s role in the Trump administration.
Overall sales of electric vehicles rose almost 11 percent in the first three months of the year as traditional carmakers offered new models.
La implicación de Musk en la política de derecha contribuyó a una caída del 13 por ciento en las entregas en el primer trimestre, incluyendo fuertes descensos en lugares favorables a los vehículos eléctricos como Noruega.
Elon Musk’s involvement in right-wing politics contributed to fewer deliveries in Norway the first quarter, though other factors also played a role.
Sales of cars picked up recently partly as buyers rushed to lock in deals before President Trump’s 25 percent tariffs on cars and auto parts go into effect.