Tesla Shares Fall After Delivery Miss - News Summed Up

Tesla Shares Fall After Delivery Miss


One of the biggest things preventing Elon Musk from releasing a mass market electric vehicle comes down to the vehicle's blessing and curse: its lithium-ion battery. We break down the science and the cost. Shares of Tesla Inc. dropped about 8% Thursday after the electric-car maker reported worse-than-expected deliveries for the first quarter, raising concerns about demand for its older vehicles as well as its ability to get its newest offering into customers’ hands. The Silicon Valley auto maker attributed a 31% drop in new-vehicle deliveries from the previous three months to the challenges of delivering its Model 3 compact sedan to Europe and China for the first time. But the quarter also marked the first sales period in which...


Source: Wall Street Journal April 04, 2019 14:18 UTC



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