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
23:14
The mayor of Iași announced the cessation of street lighting at night due to the energy crisis. The measure will save approximately 10 MWh per night.
22:41
A SpaceX rocket out of control will crash on the Moon, forming a 27-meter crater.
22:01
Greece is facing new wildfires. A suburb of Athens has already been evacuated.
21:26
Traian Băsescu: Bolojan needs to rebuild the coalition with PSD for the good of the country
21:05
The Romanian Army has been mobilized to protect the operation of the Cernavodă Nuclear Power Plant, carrying out hydrographic measurements on the Danube.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
