Rising competition and bleak economic outlook drag down sales despite Elon Musk’s price-cutting gamble
Tesla on Sunday posted record quarterly vehicle deliveries, but quarter-on-quarter sales growth was modest despite price cuts as rising competition and a bleak economic outlook weighed.
The electric carmaker delivered 422,875 vehicles for the first three months of this year, up 4% from the previous quarter. This was 36% higher than a year ago. In January, chief executive Elon Musk said Tesla could achieve 2m vehicle deliveries this year, up 52% from last year.
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Rising competition and bleak economic outlook drag down sales despite Elon Musk’s price-cutting gamble
Tesla on Sunday posted record quarterly vehicle deliveries, but quarter-on-quarter sales growth was modest despite price cuts as rising competition and a bleak economic outlook weighed.
The electric carmaker delivered 422,875 vehicles for the first three months of this year, up 4% from the previous quarter. This was 36% higher than a year ago. In January, chief executive Elon Musk said Tesla could achieve 2m vehicle deliveries this year, up 52% from last year. Continue reading…Technology | The Guardian