The American electric car manufacturer Tesla, with Elon Musk as major owner and CEO, is expected to report a new quarter with decreased sales on Tuesday.
The average forecast among analysts is 441,019 delivered cars, down 5.4 percent compared to the delivery volume during the corresponding quarter last year.
Previously, Tesla – whose product list has not received any major additions in a while – has been able to point to a fire attack on one of the company's factories in Germany and disruptions in the supply chain to explain weak sales figures. But what is holding back Tesla's sales now is unclear.
It's harder to grow with increased competition and when the current models are a bit stale, says Tom Narayan, analyst at RBC Capital Markets.
Tesla – whose Model Y was the best-selling car in the world last year – launched a major downsizing package in April, affecting around 10 percent of the employees. Tesla's share has lost around 20 percent of its value since the turn of the year.
