Tesla’s actions suffered another difficult week, falling around 5% before recovering when the electric vehicle manufacturer dealt with demand weakening and the growing operational challenges. The decrease extends the annual losses of the action to more than 20%, marking a marked contrast to the record performance of the broader market.
The weakness of this week’s weakness was the disappointing delivery figures for the second quarter (Q2) of Tesla, which showed a 14% annual decrease (year -on -year). More worrying for investors was the sharp 45% drop in European sales between January and May, highlighting the company’s struggle to maintain impulse in a key international market.
In addition to the concerns of investors, the highly publicized political disputes of the CEO Elon Musk have created additional uncertainty about the company’s leadership management. Some analysts suggest that this could further undermine the confidence in the already stretched assessment of Tesla, particularly given the premium qualification of the action compared to traditional automotive companions.
