Tesla is bracing for a few “rough quarters” ahead as reduced government support for electric vehicles in the United States threatens to dampen sales, CEO Elon Musk said during the company’s Q2 earnings call on Wednesday. Shares of the electric carmaker fell nearly 5 per cent following the remarks, which reflected concerns about slowing demand and delayed production timelines, as per Reuters.
The electric vehicle giant posted its worst quarterly sales drop in over a decade, with revenue falling 12 per cent year-on-year to $22.5 billion for the April–June period, below analyst expectations of $22.74…
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