Tesla faces its worst quarterly results in four years as sales drop 9% and income plummets 71%. Elon Musk's return to the helm raises questions about the company's future amid tariffs and competition.
With Tesla's first-quarter earnings report looming, investors are anxious about the company's future. As stock prices plummet and promises of new models and technology remain unfulfilled, can Elon Musk salvage the brand?
In a stunning turn of events, Tesla has lost nearly 49% of its market cap in just months, driven by sagging sales and controversies surrounding CEO Elon Musk. Analysts are drawing parallels to unprecedented declines in the automotive industry.
Barclays analyst predicts ongoing challenges for Tesla as stock faces decline due to various factors including missed deliveries, weak sales in China, and upcoming self-driving software launch in China.
