Drop is sign that effects of its price cuts are waning while electric automaker’s shares have fallen nearly 30% so far this year
Tesla posted a fall in deliveries for the first time in nearly four years and missed Wall Street estimates, a sign that the effects of its price cuts are waning as the automaker battles rising competition and softer demand.
Tesla’s shares have fallen nearly 30% in value so far this year, sliding 5.7% in early trading on Tuesday.
