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International Business Times

Business

Ann Resuma

Tesla To Faces A Drop In Deliveries For Second Straight Quarter

Tesla Inc. Elon Musk

Tesla is facing the real possibility of declining deliveries for a second consecutive quarter after the April-through-June period points to a decline of 3.7%. It would mark the first time that the EV-maker posted back-to-back drops in successive quarters.

For the period ended June 30, Tesla was expected to deliver 438,019 vehicles, Reuters reported. The figure was based on an estimate made by 12 analysts that were polled by LSEG. Out of these 12, seven actually toned down their expectations for the previous quarter. The company is expected to report on the results by Tuesday.

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