Tesla Acknowledges Demand Slump, Tries To Energize Sales With New Incentives
Tesla posted disappointing quarterly sales that point to a slump in demand and is trying to address the situation with exceptional incentives
Stay updated with breaking news from Tesla Demand. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tesla posted disappointing quarterly sales that point to a slump in demand and is trying to address the situation with exceptional incentives
Tesla is arguably "the biggest stock market bubble in modern history," said Per Lekander, an investor who's been shorting the stock since 2020.
"Let's call it like it is: 1Q deliveries has been a nightmare quarter for Tesla," Wedbush analysts said.
While the whole EV industry has seen pain, Tesla's decline has been particularly pronounced, with shares plunging over 17 percent since October 18
There's a 70% chance of Elon Musk stepping down as Tesla CEO over the next year, Deepwater's Gene Munster estimated.