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Is This a Red Flag for Tesla’s Upcoming Q3 Deliveries Update?
Is This a Red Flag for Tesla’s Upcoming Q3 Deliveries Update?
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BTCCSquare news:
Tesla shares dropped over 4% last Thursday as weak European vehicle registration data sparked concerns ahead of the company's Q3 deliveries report. August registrations in the EU fell 37% year-over-year, with China-based competitors outselling Tesla for the second consecutive month. Including broader European markets, Tesla maintained a lead in unit volume but still saw a 22% annual decline.
The slump follows a challenging Q2 where deliveries fell 13% year-over-year. CEO Elon Musk warned of near-term turbulence during the last earnings call, suggesting the road to recovery may be uneven. European weakness raises questions about whether this signals broader demand issues or merely regional volatility.
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