Tesla’s third-quarter revenue tumbled 39% in the U.S., its first drop in more than two years.
Tesla's third-quarter revenue tumbled 39% in the United States, its first drop in more than two years.
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019.'s third-quarter revenue tumbled 39% in the United States, its first drop in more than two years, but sales in China and other regions surged, the electric car maker's break down of sales by geography showed on Tuesday.
"Musk & Co. are laser-focused on Europe and China for growth, while domestically, core demand is fading relative to other regions," Wedbush analyst Dan Ives said, adding that U.S. growth will remain more challenging going forward. The company has said it plans to deliver 360,000 to 400,000 vehicles for all of 2019, and that it was "highly confident in exceeding 360,000 deliveries this year."
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