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Tesla stories 12% income drop in first quarter as Musk’s politics repel consumers; shares fall 3%

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[ad_1] Tesla continues to really feel the affect of Elon Musk’s foray into politics a 12 months in the past, with the corporate reporting one other steep decline in each gross sales and income this quarter. On Wednesday, the electrical carmaker revealed that income fell by 12% and income dropped 16% within the April-June interval, … Read more

Musk Warns of ‘Tough’ Patch After Tesla’s Tough Quarter

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[ad_1] Elon Musk warned of a tough 12 months forward for Tesla Inc., including to the automaker’s woes after reporting certainly one of its worst quarters of the final decade. The chief govt officer pointed to the pending lack of electrical automobile incentives within the US and the prolonged technique of rolling out driverless autos, … Read more