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Tesla Is Running Out of Excuses for a Prolonged Sales Slump
- Carmaker is expected to post 5.8% drop in quarterly deliveries
- Company struggles with older lineup and widespread staff cuts
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Tesla Inc. is expected to report another quarter of weaker sales, and it’s running out of alibis.
Analysts surveyed by Bloomberg are estimating the carmaker will report on Tuesday that it handed over 439,302 electric vehicles in the second quarter, a 5.8% drop from a year ago. This would be a second consecutive quarterly decline, which Tesla last posted when it was phasing out its first model, the Roadster, in 2012.