Tesla’s Nightmare Continues As Musk Warns of “Rough Quarters”Ahead

Tesla, the electric vehicle (EV) giant, has faced a challenging period as it reported a 16% drop in profits and a 12% decline in revenue. This decline is attributed to several factors, including weakening EV demand, the expiration of tax credits, and the impact of tariffs. In a statement, Tesla CEO Elon Musk acknowledged that the company may face "rough quarters" ahead, indicating that the challenges may persist for the foreseeable future. The company's financial performance has been affected by various external factors, including global economic conditions and market shifts. Despite these setbacks, Tesla remains a prominent player in the EV industry, and the company's long-term vision and technological advancements continue to be closely watched by investors and industry analysts. The company's ability to navigate these challenges and maintain its market position will be crucial in the coming quarters.