Tesla says it started building initial versions of an affordable car, posts a steep sales decline
Washington (Reuters) –Tesla On Wednesday, he said he built the first versions of an affordable car, probably aimed at eliminating the upright decrease in sales in markets around the world.
Elon MuskThe electric vehicle manufacturer, Wall Street for more than a decade that has missed its targets, the worst three -month sales decline and the profit margin of making a car was better than feared.
Market response:
Tesla shares fell approximately 5% in post -overtime transactions.
Comments:
Jacob Bourne, Analyst, Emerater, New York:
“Tesla’s disappointing consequences are not surprising considering the recent rocky way. However, the company, energy storage, robotic and artificial intelligence transportation continues a strong foundation in the key growth sectors. Traditional automobile manufacturers such as GM can continue to deal with the current leadership.
Tesla does not need to choose between cars and future technology. Among the houses, robotaxes, energy systems and robotics, there are technical synergies that can accelerate innovation on all fronts. The question is whether leadership can be applied on this integrated vision in this rapidly moving market. “
Andrew Rocco, Stock Strategist, Zacks Investment Research, Chicago:
“Tesla on Wednesday night, despite the slightly falling upper and lower line expectations, despite the longing of the gains, Tesla shares, gross margins with the fact that bleeding has reached a stopping point, 17.2% gross margins, 17.2% against 17.2%, 17.2% of the investors think that the producers of 16.5 think that the consumers.
The Wall Street expectations, the slow -slow housework and CEO Elon Musk’s political corridor were terrible in the midst of reputation damage on both sides of the political corridor. However, Tesla gathered on a low rod, which is a dramatic gain and provides better gains than frightened.
In addition, just before the market was closed, Tesla reported that it was “in early talks” with Nevada state to expand the Robotaxi service. If Tesla can convince investors that Robotaxi will quickly scale, the shareholders will expand to new verticals, pass the business and diversify the shareholders. “
