Praveen Paranjothi on Newnex: Tesla hit another big pothole on April…

Tesla hit another big pothole on April 2nd, when it reported that it…

Praveen Paranjothi · 2024-04-13T15:48:48.000Z

Tesla hit another big pothole on April 2nd, when it reported that it had delivered fewer than 390,000 cars in the first quarter. That was down by 8.5% from a year ago—and considerably worse than already cautious Wall Street analysts were expecting. Tesla’s market value has slumped by a third this year, to less than $550bn. That is still more than any other carmaker, but less than half of the $1.2trn it was worth in 2021. Its boss, https://www.economist.com/business/2024/04/07/think-tesla-is-in-trouble-pity-even-more-its-wannabe-ev-rivals

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Praveen Paranjothi on Newnex: Tesla hit another big pothole on April…