Tesla investors brace for another year of sales decline as backlash grows
- Tesla posted a 13% decline in quarterly deliveries, its weakest performance in nearly three years, this past Wednesday.
- This decline occurred despite CEO Elon Musk's pledge that Tesla would return to growth this year, leading to investor concern.
- Analysts point to brand damage and Musk's political activities as factors, while Tesla cites production line retooling for Model Y.
- Gene Munster of Deepwater stated on X that this delivery drop appears to be the result of recent brand problems.
- JPMorgan lowered its profit estimates, and Tesla shares closed down 5.5% on Thursday, contributing to a 45% drop from its peak.
38 Articles
38 Articles
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