Reported 12 months ago
Tesla is expected to report a weaker sales quarter, following a 5.4% drop in electric vehicle deliveries. Analysts attribute this decline to competition and Tesla's older vehicle lineup struggling to keep up. Despite efforts by CEO Elon Musk to boost sales with price cuts and staff cuts, Tesla's sales have continued to slow down. Investors are looking ahead to new models and future prospects, with a focus on the upcoming Robotaxi event in August.
Source: YAHOO