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.

Tesla is set to unveil a more affordable vehicle in the first half of 2025. Details are scarce, but new reports say it could take after the Model Y.