Washington (Reuters) -Tesla said Wednesday that he created the original versions of the car available. This is probably to stop the sudden decline in sales that the company has experienced worldwide.
Elon Musk’s electric vehicle manufacturer has announced the worst quarterly sales decline for more than a decade and profits that spent the Wall Street targets, but its profit margin for car production was better than many feared.
Market reaction:
Tesla shares decreased by almost 5% during trading.
Comments:
Jacob Bourne, Emarketer analyst, New York:
“Dropped Tesla’s results are not surprising, given that he recently drove a rocky road. However, the company maintains a strong basis in the main sectors of energy accumulation, robotics and AI driving growth in China and the fierce competition of Chinese EV manufacturers in the market.
Tesla does not need to choose between cars and Future Tech. There are technical synergies between EV, robotax, energy systems and robotics that could speed up innovation on all fronts. The question is whether leadership can implement this integrated vision in this fast -moving market. ”
Andrew Rocco, Promotion Strategist, Zacks Investment Research, Chicago:
Tesla earned wages on Wednesday night, which is a bit out of expectations of the highest level lines. Nevertheless, incentives and lower prices for their consumers.
In the message, Wall Street expectations were very high when the EV business and the damage to the reputation of Elon Musk on both sides of the political passage were slowing down. Nevertheless, Tesla overtook a low band, which was dramatic and earned earnings that was better than most feared.
In addition, the news stopped just before the market closure that Tesla is in “early negotiations” with the NEWS state to expand its Robotaxi service. If Tesla can convince investors that it will quickly increase its Robotoxi services, shareholders will be more dismissed for the main EV business, as musk and its team want to expand into new verticals by switching and diversifying business. “