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Tesla doubts reach fever pitch as earnings show $ million quarterly loss for Musk-led company

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Rob Wile is a breaking business news reporter for NBC News Digital.

Tesla has a reputation for making headlines. But the Elon Musk-helmed electric vehicle giant is now facing some of the biggest questions in its history amid weakening sales and questions about Musk's focus. A growing share of investors want to know where the company is heading now that demand for all-electric vehicles is slowing, with some wondering whether Musk may be devoting more energy to other projects.

It also said this month it would cut 14,000 employees, or 10% of its workforce. In the last quarter, Tesla ramped up sales of the much-anticipated Cybertruck, but it recalled nearly 4,000 of them just last week over a dangerous defect that could cause the accelerator pedal to get stuck. As Tesla's success has slowed, Musk's net worth has shrunk by billions, though only enough to push him from No. 1 to No. 3 as the world's richest person.

 

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