
- Outbound volumes from Tesla’s GigaShangai factory, which includes exports, sank 15% in May. The drop follows similarly bleak figures out of most of Europe. Although Tesla is increasingly viewed as an AI company, roughly three-fourths of its revenue and gross profit come from selling cars.
With two-thirds of the second quarter now in the books, the chance Tesla’s EV sales could rebound from its terrible start to the year is swiftly waning.