Tesla just reported an abysmal quarter with Model S and Model X sales falling off a cliff (TSLA)

Apr 24 2019 by Business Insider

 

Tesla reported first-quarter earnings on Wednesday that missed Wall Street estimates. Model S and X sales dropped drastically in the quarter. CEO Elon Musk said that's not due to cannibalization from the newer, cheaper Model 3.

Tesla reported first-quarter earnings on Wednesday that missed analysts' estimates on both the top and bottom lines.

Among the details shared in the company's letter to shareholders were sales updates on each of Tesla's three models, and demand for its original two,...

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