Q1 sales were down 9%, well below expectations, and stock has shaved off 34% of its value this year
(Newser) -
Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. The company said it delivered 386,810 vehicles from January through March, almost 9% below the 423,000 it sold in the same quarter of last year....