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Bloomberg Quint

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Image Credit: Bloomberg Quint

Tesla Sales Fall 13%, Putting Carmaker On Course For Annual Drop

  • Tesla's global sales fell for the second consecutive quarter, with a 13% decrease compared to the previous year.
  • The company now faces a significant challenge to overcome a 110,000-car deficit in the second half to avoid an annual decline.
  • Analysts predict a second consecutive annual drop in vehicle sales for Tesla, with concerns about delays in launching more affordable models.
  • Despite sales challenges, Tesla's shares rose following the report, driven partly by Elon Musk's diversion towards a driverless taxi service and management changes within the company.

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