Tesla has been trying to boost its sales by offering financing deals and lowering prices, but their second-quarter deliveries were down nearly 5% compared to the same period last year. Despite the decline, analysts like Dan Ives of Wedbush saw this quarter’s results as a positive comeback performance for Tesla. He believes that the worst is behind them and that demand for electric vehicles is starting to rise again.
Tesla delivered 443,956 units in the second quarter, slightly above Wall Street expectations. Even though Tesla’s hard numbers may not always meet expectations, investors tend to trust Musk due to his ability to defy expectations when faced with challenges. For example, the Model 3, which faced doubts initially, has become a success for the company.
Looking towards the future, Musk has teased plans for an AI-driven robotaxi fleet, which will be further detailed in August. Tesla’s second-quarter financial results will be released on July 23 after the market closes.
Rice farming creates a unique culture compared to wheat farming. After the Chinese Civil War,…
Adrian Wilson, a former V.P. of player personnel for the Carolina Panthers, has left the…
Four scientists in the United States have completed a year-long experiment simulating life on Mars.…
As a former CBS News journalist and author of "Battle Scars," Chip Reid sheds light…
From July 1, parents in Sweden will have the ability to transfer their 45 days…
In Les Gets, the rain added an extra challenge for the elite women racers as…