Elon Musk’s Tesla reported a 16 percent decline in automotive revenue as sales fell for a second straight quarter and again failed to meet analysts’ estimates. The stock is down more than nine percent
CNBC reports that Elon Musk’s Tesla has reported disappointing sales figures for the second consecutive quarter. The company’s automotive revenue took a significant hit, declining by 16 percent compared to the same period last year. This drop in sales has caused Tesla to miss analysts’ estimates once again, raising concerns about the company’s performance and market position.
According to the financial results released by Tesla, the company’s…
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