Tesla leads U.S. sales of EVs lower in April, marking the first annual drop in over a year

• Sales of Tesla vehicles in the U.S. fell 16% in April, according to data from S&P Global Mobility cited by trade publication Automotive News. With a share of 40%, even the slightest weakness at Elon Musk’s company has a disproportionate effect on monthly EV sales. Musk meanwhile has dismissed concerns he has a demand problem on his hands.

When Tesla sneezes, the entire U.S. electric vehicle market catches a cold. 

Elon Musk’s company led overall sales of zero-emission cars lower in April...