Tesla shares tank after quarterly figures ‘substantially worse’ than expected

Tesla sales declined sharply in early 2019 compared to the end of last year, with just 63,000 cars delivered — well below analyst forecasts of 76,000 deliveries. “Tesla continues to struggle as a ‘real car company,’ with demand collapsing for the tired Model S/X platforms and higher priced versions of the Model 3,” said analyst Jeff Osborn on Thursday. Any slowdown in sales raises concerns about the sustainability of demand for the Model 3 sedan, Tesla’s first mainstream offering.

Source: www.nbcnews.com