Tesla is expected to announce its largest drop in quarterly revenue in more than ten years. This decline is attributed to intensified competition, a lack of new models, and consumer backlash against CEO Elon Musk. Concerns are growing about Musk's potential distractions from business following his founding of the America Party. Investors are watching Tesla's self-driving taxi service expansion and awaiting updates on plans for a cheaper EV model that were put on hold as Musk focuses on robotaxis.
Tesla is on track to report its largest quarterly revenue drop in over ten years, facing challenges such as heightened competition and dissatisfaction with CEO Elon Musk.
Elon Musk founded the America Party amid tensions with President Trump, raising concerns about his potential distractions from Tesla's business priorities, especially in China.
Tesla's self-driving taxi service trial in Austin has seen mixed feedback, with safety concerns and a lack of necessary regulatory permits causing uncertainty about future expansions.
Plans to create a more affordable Tesla EV were halted as Musk diverted focus towards robotaxi initiatives, leaving investors eager for updates on future EV models.
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