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mylesillidge
Journalist
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- Jul 29, 2021
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Tesla shares fall as car sales underwhelm
Tesla Inc. reported sales that fell short of Wall Street estimates, citing delivery and production bottlenecks, and prompting Elon Musk to assure investors that demand for his company's cars remains strong.
Getting cars onto ships and trucks proved especially costly and troublesome in the latest quarter, as much of the electric-vehicle maker's output was concentrated in the final weeks of the period.
[Bloomberg]
Tesla Inc. reported sales that fell short of Wall Street estimates, citing delivery and production bottlenecks, and prompting Elon Musk to assure investors that demand for his company's cars remains strong.
Getting cars onto ships and trucks proved especially costly and troublesome in the latest quarter, as much of the electric-vehicle maker's output was concentrated in the final weeks of the period.
[Bloomberg]
