Similar Stories to Tesla's Sales Slumped For The 2nd Quarter In A Row, But Things Weren't As Bad As Investors Feared on Bing News

Tesla has sought to increase its sales with financing offers and reduced prices.Kevin Winter/Getty ImagesTesla sales were down nearly 5% in the second quarter.The performance wasn't as bad as analysts had expected.Tesla's stock rose more than 8% following the news.Tesla's sales fell for the second straight quarter, down nearly 5% compared with the same period a year ago.While the decline in deliveries is yet another sign that an industrywide electric-vehicle slowdown is finally affecting Elon Musk's Tesla, Tuesday's numbers were not as bad as some analysts had expected, sending the stock up more than 8%.Dan Ives of Wedbush, a longtime Tesla bull, called the second-quarter sales results "a huge comeback performance" for the EV company."In a nutshell, the worst is in the rearview mirror for Tesla as we believe the EV demand story is starting to return," Ives wrote in a note to clients.Tesla reported second-quarter sales of 443,956 units Tuesday morning, down about 4.7% from the same quarter a year ago — but above Wall Street expectations.Analysts polled by Bloomberg had expected Tesla to deliver 439,302 cars in the quarter, a roughly 6% decline compared with last year.Tesla is graded on a curveWhen you're gauging Tesla's performance, it's important not to get bogged down in the hard numbers — at least, so say its most ardent supporters.In the first quarter, Tesla reported a huge earnings miss after posting some of its worst delivery results in years.

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BING NEWS:
  • Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected
    Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overal ...
    07/2/2024 - 1:30 pm | View Link
  • Tesla's sales slumped for the 2nd quarter in a row, but things weren't as bad as investors feared
    Tesla's sales fell year over year for the second straight quarter, but the decline wasn't as bad as analysts predicted.
    07/2/2024 - 3:23 am | View Link
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