Tesla is weakening - electric car stocks face billions in losses.. As of: April 8, 2024, 2:42 p.m By: Lisa Mayerhofer CommentsPressSplit Early morning view of the Tesla car factory.
Sales at the US electric car maker fell by more than eight percent in the first quarter of 2024. The Chinese market leader BYD also delivered 42 percent fewer cars in first quarter than in the previous quarter. But despite poor figures, experts say it is likely that this is only temporary in the long term.