Analysts who have long been bullish on Tesla are now conservative as Elon Musk's brand is expected to release its Q1 2024 sales and earnings reports this week.
Despite conceding the title of the world’s largest electric vehicle maker to Chinese automaker BYD in the final quarter of 2023, Tesla still had a blockbuster year overall. It sold more BEVs than its Asian rival throughout the year. But at the start of 2024, CEO Elon Musk warned investors that the company was amidst two major growth waves and the brand’s next major era of steady growth could be years away. And this week’s earnings call could shed light on what to expect in the coming months.
-Volkswagen, and one of -VW sells the German automaker’s ID-branded EVs as well as Audis in China. But the likes of BYD have left rivals in the dust, as its market share continues to grow at home and overseas. Here’s what Reuters reported this morning: The state-owned automaker hopes to cut 30% of employees at
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