While Tesla (TSLA) CEO Elon Musk has spent much of the year focused on robotics pursuits and winning shareholder approval of his pay package, the outlook for the company’s main business of selling cars is darkening, Nick Carey and Abhirup Roy of Reuters reports. Tesla is facing sales pressures in Europe, China, and the United States, with global vehicle deliveries expected to decline 7% this year.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLA:
- Tesla Values China Suppliers, Denies Country-Specific Supplier Exclusions
- Tesla’s Musk says Austin Robotaxi fleet ‘should double’ next month
- Tesla Sales Plunge as Rivals Gain Ground — Can the EV Leader Turn Things Around?
- ‘Wait Until It Drops to $220,’ Says Top Investor About Tesla Stock
- “Unnecessary Time for Our Customer Service”: Tesla Stock (NASDAQ:TSLA) Notches Up on Dutch FSD Outcry
