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25 July 06:28

Tesla reported a decline in auto sales for the second straight quarter, causing shares to fall 8%.

Lara Maior

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Economy

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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

ȘTIRI PE ACELEAȘI SUBIECTE

Economy

Tesla reported a 37% decrease in net profit in the third quarter, down to $1.37 billion, as a result of increased operating expenses and fees.

International

Tesla sales dropped significantly in October in Europe, with a plunge of up to 89% in some countries amid increased competition, but also due to affiliation with Republicans.

Current Affairs

Elon Musk's political actions have cost Tesla sales of up to 1.26 million electric cars in the USA, according to a Yale study.

Economy

Tesla has asked suppliers to eliminate components from China for cars intended for the American market, in the context of trade tensions.

International

Tesla asks suppliers to eliminate components made in China for cars intended for the US market, replacing them with alternatives from other regions.

International

Global sales of electric and plug-in hybrid vehicles increased by 23% in October, with strong demand in Europe and China, but decreased by 41% in North America.

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