Tesla CEO Elon Musk faces heightened pressure with Tuesday s earnings report to reassure investors that recent stumbles are simply unexpected speed bumps and not indications of a road to decline. Tuesday s earnings and conference call are a "moment of truth" for Tesla and Musk, constituting "one of the most important moments in the company s history in our view," said a note from Wedbush.
Tesla's downbeat earnings report highlights a grim outlook washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.
According to reports, carmakers are unable to attract customers despite offering huge discounts on their electric vehicles. This has resulted in a rise in EV inventory, pushing dealers & carmakers to reduce prices even further.
EV Sales Up 2.6% In US In Q1, But Growth Sputters. See The Best Selling Models carscoops.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carscoops.com Daily Mail and Mail on Sunday newspapers.