Tesla’s EV sales miss expectations again in deepening slump
AI-summarised brief · reviewed before publication
Tesla posted its worst sales quarter in years, missing Wall Street's expectations with 358,023 vehicles delivered worldwide. This is the second consecutive quarter of missed projections, with deliveries rising 6.3% from a year earlier. The company faces a challenging electric-vehicle market and rising competition, with its traditional car business remaining the primary cash generator. Tesla shares fell 4.6% after the news, with the stock declining 15% this year.