Tesla, Inc. (NASDAQ:TSLA) stock is on a steep decline and could face more downside pressure in the lead-up to its quarterly results scheduled for Tuesday.
The company’s challenges are partially due to a lack of visibility into its near-to-medium-term outlook. The Elon Musk-led company has been struggling with slowing sales volume, and efforts to boost sales have squeezed margins.
The lack of a clear strategic vision further clouds Tesla’s outlook. After previously affirming a low-cost model for production in late 2025, rumors now suggest the project is delayed, while the company focuses on promoting its self-driving software and robotaxi service. To address cost issues, ...