Tesla reported sales that slowed in the most recent quarter. But, shares climbed after the decline was less drastic than analysts feared.   

The company delivered 384,122 vehicles during the last three months, down 13% from a year earlier. While that leaves Tesla in a deep hole to dig out from to avoid another annual drop, some investors were braced for a more than 20% plunge.   

For more on the data, Paul Sweeney and Norah Mulinda speak with Pierre Ferragu, Head of Global Technology Infrastructure at New Street Research.

Tesla reported sales that slowed in the most recent quarter. But, shares climbed after the decline was less drastic than analysts feared.&nbsp; &nbsp; The company delivered 384,122 vehicles during the last three months, down 13% from a year earlier. While that leaves Tesla in a deep hole to dig out from to avoid another annual drop, some investors were braced for a more than 20% plunge.&nbsp; &nbsp; For more on the data, Paul Sweeney and Norah Mulinda speak with Pierre Ferragu, Head of Global Technology Infrastructure at New Street Research.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Deep Dive: Tesla Sales Slow

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5c9f9d60-4fd4-4ffd-a3b0-b30f009e560b/transcript

Advertisement