A tumultuous period appears to be on the horizon for Tesla, as the electric vehicle giant grapples with a noticeable decline in profits and a shrinking presence in the European market, prompting CEO Elon Musk to issue a cautionary note about the challenging quarters ahead.
Elon Musk has cautioned that Tesla might experience some challenging quarters, which comes as the US tax credit for electric vehicles (EVs) is set to expire. During an earnings call with analysts and investors, the Tesla CEO said, 'We probably could have a few rough quarters. I'm not saying we will, but we could.'
