The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.
Tesla reported on Tuesday that it made significantly less money in the first three months of the year because of its tepid car sales, reinforcing concern among investors that the company led by Elon Musk is losing ground in the market for electric vehicles.
Profit fell 55 percent, to $1.1 billion, from the first quarter of 2023, the […]
Tesla Earnings Report: Revenue Fell to $21.3 Billion, Adding to Strategy Concerns