Tesla’s topsy turvy 2019
CNNCNN — Everyone knows Tesla cars move fast. In terms of size and price, it seems like a close competitor to the Tesla Model 3, but with Volvo’s Scandinavian roots evident in its design, although the car will be built in China. Ford even held its unveiling event at the same place where Tesla would roll out its Cybertruck, a small airfield near Los Angeles that houses Elon Musk’s SpaceX rocket company and the Tesla design studios. In the first quarter, Tesla lost $702 million and recorded its biggest quarter-over-quarter sales drop in the company’s history.The plummet was partly because Tesla delivered a lot of cars in the last quarter of 2018 so customers could take advantage of the full electric car tax break. By November 14, citing improvements, Consumer Reports restored its coveted Recommended check mark to both the Model 3 and Tesla’s larger Model S, which had lost the mark a year earlier.