Tesla quarterly deliveries seen falling again
- Tesla Inc.'s sales in Denmark fell 61.57% and in Sweden fell 64.4% in June compared to last year.
- Tesla's global EV market share has declined, with its aging lineup experiencing a first-time annual sales drop in 2024 and analysts expecting an 8% sales decline this year.
- Backlash against CEO Elon Musk's political views, competition from cheaper Chinese EVs, and customers waiting for the refreshed Model Y contributed to falling sales in Europe and China.
27 Articles
27 Articles
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Tesla shares dropped 7% from Friday’s closing price of $323.63 to the $300.71 close on Tuesday ahead of the company’s second-quarter deliveries report. Wall Street analysts are expecting Tesla to report deliveries of around 387,000 — a 13% decline compared to deliveries of nearly 444,000 a year ago, according to a consensus compiled by FactSet. Shares of Tesla had been rising on optimism about the company’s robotaxi pilot in Austin, Texas until …
In the middle of his deep crisis Tesla loses the top manager, who is responsible for sales in the weakening European market. Elon Musk is said to have fired him - and takes over the helm himself.
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