Tesla misses delivery estimates as weak economy overshadows price cuts
(Reuters) – Tesla Inc on Sunday missed estimates for first-quarter deliveries as a bleak economic outlook and rising competition outweighed the electric automaker’s efforts to prop up demand with price cuts. Tesla delivered 422,875 vehicles, a record high for the automaker but smaller than analyst expectations for 430,008 vehicles, according to Refinitiv data. Investors have been watching Chief Executive Elon Musk’s gamble that cutting prices would stimulate sales, making up […]