Looks like Tesla’s Q2 is off to a bad start, too
Despite promising a “return to growth” at the start of the year, Tesla’s first quarter was a flop, with earnings missing analysts’ lowered expectations and vehicle sales declining more than ever before.
Early indications show the second quarter isn’t starting off much better than the first.
Tesla sales dropped nearly 60% last month in France year on year — to a two-year low — and declined 67% in Denmark, Reuters reports. That’s despite the arrival of the new Model Y that was supposed to boost sales.
In the coming days and weeks, we’ll see how second-quarter Tesla sales are starting to shape up in other countries.
Of course, in Tesla’s latest earnings report, the company no longer made mention of a return to growth this year, let alone the 20% to 30% growth the company had predicted last year.
In the coming days and weeks, we’ll see how second-quarter Tesla sales are starting to shape up in other countries.
Of course, in Tesla’s latest earnings report, the company no longer made mention of a return to growth this year, let alone the 20% to 30% growth the company had predicted last year.
