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Tesla sales surpass expectations for second quarter as Musk backlash seems to cool

Reuters

2d ago

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The GuardianTesla sales surpass expectations for second quarter as Musk backlash seems to cooltheguardian.com

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Strong figures suggest Tesla’s auto business is regaining momentum after two straight annual sales declines Tesla blew past Wall Street estimates for second-quarter deliveries on Thursday, posting a record for the period as recovering demand in Europe outweighed persistent weakness in North America. The strong figures suggest Tesla’s ⁠mainstay auto business is regaining momentum after two straight annual sales declines, providing the spending cushion needed to power its ambitions in autonomous driving and artificial intelligence – the main drivers of the company’s roughly $1.6tn valuation. Continue reading...

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