Elon Musk
Elon Musk
  • Tesla is blaming hybrids for stealing EV sales.
  • Inexpensive hybrid cars have become a popular choice for green-car shoppers.
  • That's a real problem for Tesla, which doesn't sell hybrids.

Tesla is pointing the finger at hybrids as its electric cars experience a drop in demand.

In the opening page of its first-quarter earnings presentation Tuesday, Tesla blamed an industry-wide prioritization of these partially battery-powered cars for putting pressure on global EV sales and — by extension — Tesla's sales.