Reported about 10 hours ago
Tesla's April sales reveal a significant decline as deliveries dropped 13% year-over-year, falling short of expectations with only 336,681 units delivered in the first quarter. Registration data shows further declines in key markets, especially in the UK and EU, where sales plunged by over 60%. In China, Tesla's sales also fell 6% compared to the previous year, indicating increasing competition from local EV manufacturers. As demand continues to weaken and concerns arise over CEO Elon Musk's political involvement, the outlook for Tesla remains uncertain.
Source: YAHOO