Tesla is expected to report a decline in deliveries for the second consecutive quarter, with June-quarter deliveries likely falling by 3.7%. This marks the first time the top electric vehicle (EV) maker is set to post two straight quarters of decline. The company faces stiff competition in China and slow demand due to a lack of affordable models. In comparison, a year ago, Tesla produced 479,700 cars and sold 466,140 units. The EV market fundamentals have deteriorated since then, making sales growth extremely difficult.
$TSLA | Tesla Stares At Another Sales Decline In Q2: Did China Save The Day For The EV Maker? A year-ago, the company produced 479,700 cars and sold 466,140 units. Since then and now the EV market fundamentals have deteriorated further, rendering sales growth extremely difficult
$TSLA | Tesla Stares At Another Sales Decline In Q2: Did China Save The Day For The EV Maker? A year-ago, the company produced 479,700 cars and sold 466,140 units. Since then and now the EV market fundamentals have deteriorated further, rendering sales growth extremely… https://t.co/5bxbyfQO17
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Tesla is expected to report another quarter of weaker sales, and it’s running out of alibis https://t.co/RLmq5mdNBH
🔵 TESLA DELIVERIES SET TO FALL FOR SECOND STRAIGHT QUARTER Tesla's June-quarter deliveries likely fell 3.7%, the first time the top EV maker is set to post two straight quarters of decline, as it deals with stiff competition in China and slow demand due to a lack of affordable…
Tesla deliveries set to fall for second straight quarter https://t.co/KjlQaXYMlq