Tesla's recent quarterly results have disappointed, with revenue falling 9.2% to $19.34 billion and automotive revenue down 20% from the previous year. The company cited uncertainties in both the automotive and energy sectors, largely due to evolving trade policies, as key factors in their decline. Investors are now looking to CEO Elon Musk's upcoming update to provide hope, especially with talks of a more affordable EV and the anticipated launch of robotaxi services. However, the rollout of new vehicle models has faced delays, compounding investor concern amid a significant drop in stock price.
"Uncertainty in the automotive and energy markets continues to increase as rapidly evolving trade policy adversely impacts the global supply chain and cost structure of Tesla and our peers."
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