Things Are Looking Really, Really Bad for Tesla
Elon Musk's carmaker Tesla is widely expected to disappoint with its Q2 delivery numbers later today. Demand for the EVs has dried up significantly over the past 18 months, driven in large part by an exceptionally divisive CEO and a flood of international competition. Deliveries fell a record 13.5 percent this quarter compared to a year earlier — and the accompanying earnings report, which is set to be released this afternoon, could paint an even more dire picture of Tesla's financials, as CNN reports, highlighting how far the carmaker has fallen. The waning demand adds even more pressure on Musk's […]
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