DETROIT — Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to lure more buyers. But TD Cowen Analyst Jeffrey Osborne wrote in a note to investors that weaker March sales indicate that incentives, including discounts and a free trial of “Full Self Driving” software, “did not work as demand …
With road transportation accounting for about 15% of greenhouse gas emissions, transitioning to cleaner vehicles is a linchpin in national efforts to meet climate-change mitigation targets. Governments have encouraged a transition to electric vehicles with massive subsidies, and legacy carmakers are changing their offerings in a slow farewell to the combustion-engine era. According to BloombergNEF, sales of all-electric vehicles plus …
DETROIT — Tesla’s net income more than doubled last quarter thanks to a big one-time tax benefit, but it warned of “notably lower” sales growth this year. In its letter to shareholders released Wednesday, Tesla cautioned that sales growth this year may be “notably lower” than the 2023 growth rate, as it works to launch a more affordable next-generation vehicle …
