Search

What's moving markets today

Tesla is probably about to report the largest drop in auto sales in the company's history.

That's not a shock —Tesla faced some special circumstances last quarter. But it's still a concern: Tesla needs to keep its sales pace high to pay down its sizable debts.

Tesla (TSLA) will report first quarter sales and production figures Tuesday, and Wall Street analysts expect them to be sharply lower than the 90,700 cars that the company sold to customers last quarter.

Analysts predict that Tesla delivered just over 50,000 cars over the last three months.

That's still significantly more than what Tesla reported a year ago, when Model 3 production was just getting started. During that quarter, the company sold less than 30,000 vehicles.

But Tesla sales have never fallen so much quarter-over-quarter.

Let's block ads! (Why?)

from CNN.com - RSS Channel https://ift.tt/2HSvary

Bagikan Berita Ini

0 Response to "What's moving markets today"

Post a Comment

Powered by Blogger.