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Tesla is blaming struggling EV sales on hybrid craze [Business Insider]

Tesla, Inc. (TSLA)  More Company Research Source: Business Insider
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
That's a real problem for Tesla, which doesn't sell hybrids. Tesla is pointing the finger at hybrids as its electric cars experience a drop in demand In the opening page of its first-quarter earnings presentation Tuesday, Tesla blamed an industry-wide prioritization of these partially battery-powered cars for putting pressure on global EV sales and — by extension — Tesla's sales. "While positive for our regulatory credits business, we prefer the industry to continue pushing EV adoption, which is in-line with our mission," Tesla wrote. Elon Musk's Tesla is right that hybrids are currently having a moment Major automakers like GM — which were once all-in on EVs — are now prioritizing hybrid models as EV demand softens, and Toyota , once thought to be an EV laggard, is dominating the green car market with its hybrid lineup. The problem for Tesla: It doesn't sell hybrids. Musk's EV company has been slashing prices for the past year and a half in an effort to boost sales. Bu [Read more]
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Stockreport

Tesla is blaming struggling EV sales on hybrid craze [Business Insider]

Tesla, Inc.  (TSLA) 
More Company Research Source: Business Insider
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
That's a real problem for Tesla, which doesn't sell hybrids. Tesla is pointing the finger at hybrids as its electric cars experience a drop in demand In the opening page of its first-quarter earnings presentation Tuesday, Tesla blamed an industry-wide prioritization of these partially battery-powered cars for putting pressure on global EV sales and — by extension — Tesla's sales. "While positive for our regulatory credits business, we prefer the industry to continue pushing EV adoption, which is in-line with our mission," Tesla wrote. Elon Musk's Tesla is right that hybrids are currently having a moment Major automakers like GM — which were once all-in on EVs — are now prioritizing hybrid models as EV demand softens, and Toyota , once thought to be an EV laggard, is dominating the green car market with its hybrid lineup. The problem for Tesla: It doesn't sell hybrids. Musk's EV company has been slashing prices for the past year and a half in an effort to boost sales. Bu [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS