特斯拉，利空不断！

Sales Performance - Tesla's sales in Europe have significantly declined, with drops exceeding 50% in Germany, Denmark, and Sweden, and nearly halving in the Netherlands [3] - In China, Tesla's wholesale sales fell by 21.8% year-on-year in the first quarter, while its retail sales remained flat compared to the previous year, lagging behind its main competitor BYD, which achieved an 18.8% growth rate [6] New Model Delays - The launch of Tesla's low-cost Model Y (code-named E41) has been postponed, with production now expected to start between the third quarter and early next year [9] - The anticipated lower-cost Model Y is projected to reduce production costs by 20% compared to the current model, with a target of producing 250,000 units in the U.S. by 2026 [9] Internal Adjustments - Tesla has reportedly reduced the production capacity for its Cybertruck at its Texas factory, reallocating some employees to the Model Y production line due to poor market performance [6] - Sales personnel in Beijing are struggling to meet sales targets, with some working extended hours to try to achieve their goals [6] Leadership Influence - Reports indicate that Elon Musk's influence within the Trump administration may be waning, as evidenced by the recent removal of a tax official he recommended [13] - The decision to replace the tax official was influenced by a power struggle between Musk and Treasury Secretary Mnuchin, suggesting a potential decline in Musk's political clout [13][14]