Reported 1 day ago
Elon Musk has indicated that Tesla is entering a challenging phase due to the U.S. phasing out electric vehicle incentives. Although the company reported disappointing earnings and a significant drop in revenue, Musk expressed optimism for the future as Tesla aims to roll out autonomous vehicles. However, the transition period may include several rough quarters, compounded by increased competition and regulatory changes impacting Tesla's sales.
Source: YAHOO