Teslaresultdown
246 views
1 Discussing
Hot
Latest
See original
#Teslaresultdown
Tesla releases disappointing results and announces 'obstacles'
Tesla has been criticized in the United States and elsewhere since Elon Musk got closer to Donald Trump, and the results are being felt.
Tesla's global sales fell more sharply than anticipated in the first quarter, with only 336,681 vehicles delivered.
The American electric vehicle specialist Tesla released results on Tuesday that were below expectations, affected by the close collaboration of its CEO Elon Musk with the Trump administration, an aging product lineup, and increased competition.
"Uncertainty in the automotive and energy markets continues to rise as rapid changes in trade policy negatively impact Tesla's global supply chain and cost structure, as well as that of our peers," the group said in a statement.
"This dynamic, along with changing political sensitivities, could have a significant impact on demand for our products in the short term," it warned.
Tesla releases disappointing results and announces 'obstacles'
Tesla has been criticized in the United States and elsewhere since Elon Musk got closer to Donald Trump, and the results are being felt.
Tesla's global sales fell more sharply than anticipated in the first quarter, with only 336,681 vehicles delivered.
The American electric vehicle specialist Tesla released results on Tuesday that were below expectations, affected by the close collaboration of its CEO Elon Musk with the Trump administration, an aging product lineup, and increased competition.
"Uncertainty in the automotive and energy markets continues to rise as rapid changes in trade policy negatively impact Tesla's global supply chain and cost structure, as well as that of our peers," the group said in a statement.
"This dynamic, along with changing political sensitivities, could have a significant impact on demand for our products in the short term," it warned.
Login to explore more contents