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Comment on Tesla Shares Sink as Musk Says ‘Rough Quarters’ Could be Ahead by Tesla US Sales Rise 4.8% in September, Motor Intelligence Says – EV
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Tesla shares extended their decline in Thursday’s pre-market session, falling as much as 6.60%, after closing 4.42% lower in Wednesday’s after-hours trading.
The drop followed Elon Musk’s warning that the company “probably could have a few rough quarters” as U.S. incentives are set to expire on September 30.
“Well, we’re in this weird transition period where we will lose a lot of incentives in the US,” Tesla’s chief stated.
On the other hand, autonomy is most advanced and most available from a regulatory standpoint in the US.”“Does that mean we could have a few rough quarters?
We probably could have a few rough quarters.