Tesla running out of excuses

Sluggish sales: A Tesla Cybertruck parked in the Manhattan borough of New York City. The company’s first pickup has gotten off to a slow start since production began late last year. — Reuters

NEW YORK: Tesla Inc is expected to report another quarter of weaker sales, and it’s running out of alibis.

Analysts surveyed by Bloomberg are estimating the carmaker will report later yesterday that it handed over 439,302 electric vehicles (EV) in the second quarter of 2024 (2Q24), a 5.8% drop from a year ago.