Volkswagen's electric car orders double in Europe [CNN]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: CNN
London CNN — New orders for electric cars more than doubled in Europe, Volkswagen said in an earnings statement Tuesday. The company does not release order numbers for other markets. The jump in orders at Europe's biggest carmaker comes amid concerns about slowing EV sales in the region, and as EV makers grapple with slim profits margins, squeezed by increasing competition “The future will be electric, this is our conviction,” chief financial officer Arno Antlitz told analysts and journalists on a call Tuesday. He acknowledged, however, that the pace of EV sales growth in Europe and the United States had been slower than the German carmaker had originally anticipated. EV penetration “will increase quarter-by-quarter, year-over-year, but not as fast as we have expected,” he said. As for Volkswagen's EV deliveries, they declined 16% in Europe in the first quarter compared with the same period in 2023. “All-electric deliveries in Europe were impacted by supply bottlenecks,”
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TSLA
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- 5/20/24 - Form DEFA14A
- 5/20/24 - Form PX14A6G
- TSLA's page on the SEC website