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Tesla Suffered a $2 Billion Cash Drain in Q1 2024 Due To Elevated Inventory

NewsTech

Published:

Tesla Deliveries

Tesla (NASDAQ: TSLA) shares are at a year-to-date nadir today - now down around 33 percent so far this year - after the EV giant missed Wall Street's consensus expectations for quarterly deliveries by the widest margin on record. With analysts now crowning Tesla as the "most hated among the Magnificent 7" grouping of high-flying stocks, the sentiment around the EV giant has undoubtedly hit the proverbial rock bottom. Nonetheless, a more nuanced study of Tesla's quarterly delivery numbers does present a case for cautious optimism. Tesla's Disastrous Quarter As we noted in a separate post earlier today, Tesla has […]

Read full article at https://wccftech.com/tesla-suffered-a-2-billion-cash-drain-in-q1-2024-due-to-elevated-inventory/

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