Tesla reported a decline in auto sales for the second straight quarter, causing shares to fall 8%.
Lara Maior
Economy
Jonathan Weiss/ Shutterstock.com
Always see our news on Google
The company posted a 16% drop in automotive segment revenue to $16.7 billion. CEO Elon Musk warned that a difficult period could lie ahead due to the expiration of tax credits for electric vehicles and fierce competition in key markets. Musk's political involvement is also raising concerns among investors, hurting the brand's image. Tesla hopes to improve sales by launching a more affordable model, but the outlook for the rest of the year remains uncertain.
Sources
Acţiunile Tesla au scăzut joi cu 9% după ce vânzările sale de vehicule s-au redus pentru al doilea trimestru consecutiv
Acţiunile Tesla au scăzut joi cu 9% după ce vânzările sale de vehicule au scăzut pentru al doilea trimestru consecutiv
Acţiunile Tesla au scăzut joi cu 8%, după ce compania a raportat o nouă scădere trimestrială a vânzărilor
Latest News
11:23
After fainting twice on the field, Jamal Musiala was not included in the squad for the German Supercup.
11:21
Volodymyr Zelensky urgently requests Patriot missiles after Russia's devastating attack: "We are not talking about gifts. Ukraine is ready to purchase the weapons."
11:11
Timișoara, "suffocated" for the second consecutive day by the dense smoke from the wildfires in Serbia / DSP Timiș recommends the population to avoid outdoor activities and to wear masks.
10:59
The second suspect in the Nord Stream explosions case is said to have been a consultant on a Hollywood film about the sabotage of the gas pipeline.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
