Tesla shares fall 6.6% after sales slump for first time in decade amid tough competition Tesla shares fell 6.6 per cent yesterday after Elon Musk’s electric car maker reported its first drop in annual sales in more than a decade amid tough competition.
Tesla has surged in value since the US presidential election in which Musk (pictured) backed winning candidate Donald Trump.
They said: ‘We have always viewed Musk and Tesla as a leading disruptive technology global player and the first part of this grand strategic vision has taken shape over the past five years.
The Texas company has surged in value since the US presidential election in which Musk (pictured) backed winning candidate Donald Trump.
It was the first time Tesla reported a year-on-year drop in deliveries since 2011.
