Tesla in trouble?
All doesn’t seem to be great in Tesla-land at the moment. First up, deliveries for Q1/19 were well below expectations. Tesla managed just 63,000 sales in Q1/19 vs 90,700 in Q4/18. The market had already been warned that sales weren’t strong and had cut its numbers, but not by enough. Following on from that Tesla lost US$702m in the quarter. While Elon Musk had stated on a 28 Feb conference call that the company would slide into the red, the magnitude of the decline caught most analysts by surprise. And to add insult to injury the company said that it...