News Formal

Tesla Sales Drop 9% Due to Increased Competition and Slowdown in EV Market

  • 📰 10News
  • ⏱ Reading Time:
  • 5 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 50%

Business Notícia

Tesla,Sales,Competition

Sales of Tesla vehicles dropped nearly 9% last quarter due to increased competition and a slowdown in electric vehicle sales. Tesla delivered over 386,000 vehicles from January to March, a decline from the previous year. Analysts expected higher sales.

Sales of Tesla vehicles dropped nearly 9% last quarter due to increased competition and a slowdown in electric vehicle sales. Tesla delivered over 386,000 vehicles from January to March, a decline from the previous year. Analysts expected higher sales. Shipping delays and a reworked Model 3 contributed to the slowdown. Incentives and discounts were not enough to keep demand growing. Tesla made price cuts and announced a short-term discount on its popular Model Y, reducing profit margins.

Tesla expects lower growth in demand as it prepares to launch the more affordable Model 2

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 732. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Tesla sales drop as competition in the electric vehicle market heats upTesla accounted for 80% of electric vehicle sales in the U.S. in 2020, but that figure fell to 55% last year.
Fonte: CBSHealth - 🏆 480. / 51 Consulte Mais informação »

Apple could double down on China market, Wedbush says, as iPhone sales dropApple could double down on the China smartphone market amid declining iPhone sales and stiff competition in the country, Wedbush Securities said on Monday.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »