Tesla reports first revenue decline in four years as Chinese competitors dominate
semafor.com/article/04/23/2024/tesla-q1-report-sees-first-revenue-decline-in-years-for-ev-giant
Tesla on Tuesday reported a 9% drop in revenue for the first quarter — its biggest year-on-year fall since 2012 — in yet another sign that the once-dominant EV giant is struggling amid intense competition from Chinese automakers.
The EV giant posted revenues of $21.3 billion in Q1, according to CNBC, missing expectations.
Analysts began forecasting trouble for Elon Musk’s EV…
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