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Tesla sees modest quarterly sales uptick [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The US EV giant run by Elon Musk has an “ overproduction problem ,” Ars Technica wrote, building many more units than it's selling. But the modest year-on-year sales increase is nevertheless notable because US buyers did not benefit from now-extinct federal tax credits. Rising gas prices stemming from the Iran war could also boost Americans' interest in EVs . Tesla also faces steep competition in China: Sales for Chinese EVs are rebounding thanks to government and private-sector incentives. Tesla recently became the first in China to offer a seven-year low-interest financing deal Chart showing one-year stock performance of Magnificent 7 companies — J.D. Capelouto
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