This suggests that a reaction from consumers who dislike Mr Musk’s antics are only one reason for falling sales. An updated Model Y, Tesla’s best-selling vehicle, has just gone on sale. In preparation Tesla ran down inventory of the old model, crimping supply. Customers doubtless held off purchases until the new car was available.

Elon Musk’s net worth has been hit significantly after losing more than $100 billion due to Tesla stock plummeting. Forbes reported earlier this week that Tesla stock prices dropped by more than 15% on Monday,