This past week looked like it was going to be another rough go for Tesla. The EV giant posted its worst quarterly results in four years, with sales down 9% and income plummeting 71%.
Despite the negative financials, Tesla’s stock defiantly rallied following Elon Musk’s announcement that he’ll soon step back from his government responsibilities with DOGE and commit more time to running operations at the automaker.
But that’s not going to be the cure-all investors seem to think it is, writes Forbes’ Alan Ohnsman. Tesla’s biggest problems—declining profit margins, intensifying competition and a tarnished brand—show no signs of righting themselves anytime soon, even if Musk is more active at the company.
Read more about Tesla’s looming challenges in Ohnsman’s latest story for Forbes here, and keep scrolling below for more of this week’s insightful investigative journalism. |
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