Tesla Set for Worst Quarterly Results in 7 Years ...Middle East

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Tesla Set for Worst Quarterly Results in 7 Years
source : OILPRICE ( Middle East ) () 53
Tesla is expected to report for the first quarter of 2024 its lowest quarterly profit margins since early 2017 amid a price war in the electric vehicle sector and a slowdown in demand, analysts say. Elon Musk’s EV manufacturer is set to release its financial results for the first quarter on April 23 and gross margins are expected at their lowest in years, the Financial Times reports. Dan Levy, an analyst at Barclays, expects Tesla to have also booked “modestly negative” free cash flow, FT notes. This would be the first negative…

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