StockNews.AI
TSLA
Market Watch
140 days

Tesla sales fell by nearly 40% in France in March. Wall Street still expects deliveries to improve this quarter. - MarketWatch

1. Tesla sales fell 37% in March and are down 41% this year in France. 2. Sweden reported a staggering 64% drop in Tesla sales in March. 3. Elon Musk's political support is alienating European buyers. 4. Analysts predict a 2% increase in overall deliveries; European sales expected to drop. 5. TSLA shares are up 4% in premarket but down 36% this year.

3m saved
Insight
Article

FAQ

Why Bearish?

Declining sales in key regions raise concerns about demand and competition. Past instances of decreasing sales have negatively impacted stock prices, such as during Q2 2022.

How important is it?

Sales figures are crucial predictors of future earnings and stock performance. Poor performance in both Europe and the U.S. signals potential trouble ahead.

Why Short Term?

Immediate sales reports and market reactions will dominate sentiment in the coming weeks. The upcoming delivery report could significantly influence TSLA’s stock price shortly.

Related Companies

Related News