"With its first earnings call of the year coming today, Tesla has a lot to answer for as its sales slide and investor confidence dwindles."
"For the first time since Tesla became profitable, it reported a year-over-year delivery decline, with a global volume down 13% YOY."
"Analysts warn that profit margins are in for a bruising as Tesla offers discounts and subsidized financing to move cars amid weak demand."
"Tesla shares have already dropped more than 40% since the beginning of the year, raising significant concerns among investors and analysts."
Tesla finds itself in a difficult position with a significant decline in sales and investor confidence ahead of its first earnings call of the year. For the first time since achieving profitability, Tesla reported a 13% drop in global volume year-over-year, while EV sales in the U.S. increased. Analysts warn of profit margin pressures as the automaker implements discounts and subsidized financing to boost demand. With shares down over 40% in 2023, the company's future appears uncertain, raising alarm within the investor community.
Read at InsideEVs
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