Tesla’s Mixed Signals

Tesla just posted its quarterly earnings, and it’s a weird mix of good and bad news. The company beat estimates, but it’s also wrapping up its first annual revenue drop on record. That’s right, Tesla’s making less money than it did last year.

What’s Going On?

This news comes on the heels of another decline in vehicle deliveries. So, what’s behind the slump? It’s not like people have stopped buying electric cars, but something’s clearly off. Elon Musk’s got some ‘splainin’ to do.

It’s worth noting that Tesla’s still a major player in the electric vehicle market, but it’s not invincible. The company’s got some serious competition, and it needs to get its act together if it wants to stay on top.