{"id":227,"date":"2024-04-24T12:37:39","date_gmt":"2024-04-24T12:37:39","guid":{"rendered":"https:\/\/pakistanspeaks.com\/?post_type=web-story&#038;p=227"},"modified":"2024-08-26T16:47:05","modified_gmt":"2024-08-26T16:47:05","slug":"tesla-reported-a-9-drop-in-revenue-in-the-first-quarter-the-steepest-year-over-year-decline-since-2012-as-of-tuesdays-close-the-companys-stock-price-is-down-more-than-40-this-year-as-tesla-faces-incre","status":"publish","type":"web-story","link":"https:\/\/pakistanspeaks.com\/index.php\/web-stories\/tesla-reported-a-9-drop-in-revenue-in-the-first-quarter-the-steepest-year-over-year-decline-since-2012-as-of-tuesdays-close-the-companys-stock-price-is-down-more-than-40-this-year-as-tesla-faces-incre\/","title":{"rendered":"Tesla reported a 9% drop in revenue in the first quarter, the steepest year-over-year decline since 2012.\nAs of Tuesday\u2019s close, the company\u2019s stock price is down more than 40% this year as Tesla faces increased competition across the globe.\nSales growth across EVs is slowing, and Tesla and key rivals have been slashing EV prices, on and off for months, to try to spur demand."},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&amp;family=Roboto%3Awght%40700\" rel=\"stylesheet\"\/>\n<style amp-boilerplate=\"\">body{-webkit-animation:-amp-start 8s steps(1,end) 0s 1 normal both;-moz-animation:-amp-start 8s steps(1,end) 0s 1 normal both;-ms-animation:-amp-start 8s steps(1,end) 0s 1 normal both;animation:-amp-start 8s steps(1,end) 0s 1 normal both}@-webkit-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@-moz-keyframes 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quarter, the steepest year-over-year decline since 2012.<br \/>\nAs of Tuesday\u2019s close, the company\u2019s stock price is down more than 40% this year as Tesla faces increased competition across the globe.<br \/>\nSales growth across EVs is slowing, and Tesla and key rivals have been slashing EV prices, on and off for months, to try to spur demand.<\/title><link rel=\"canonical\" href=\"https:\/\/pakistanspeaks.com\/index.php\/web-stories\/tesla-reported-a-9-drop-in-revenue-in-the-first-quarter-the-steepest-year-over-year-decline-since-2012-as-of-tuesdays-close-the-companys-stock-price-is-down-more-than-40-this-year-as-tesla-faces-incre\/\"\/><meta name=\"web-stories-replace-head-end\"\/><\/head><body><amp-story standalone=\"\" publisher=\"pakistanspeaks.com\" publisher-logo-src=\"\" title=\"Tesla reported a 9% drop in revenue in the first quarter, the steepest year-over-year decline since 2012.\nAs of Tuesday\u2019s close, the company\u2019s stock price is down more than 40% this year as Tesla faces increased competition across the globe.\nSales growth across EVs is slowing, and Tesla and key rivals have been slashing EV prices, on and off for months, to try to spur demand.\" poster-portrait-src=\"\"><amp-story-page id=\"2d9b9ea7-1fbb-4933-a3bc-78e28c84de26\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-a9a229db-0dc1-4ec4-bc0c-c61ac3690e37\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0.24272%;top:-9.54693%;width:104.85437%;height:46.60194%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-e6ef4874-3a29-432e-8476-7414a764f26b\">\n<div style=\"position:absolute;width:100%;height:100.05038%;left:0%;top:-0.02519%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1617704548623-340376564e68?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwxfHxlbG9uJTIwbXVza3xlbnwwfHx8fDE3MTM5NjE1MzF8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=3970&amp;h=2648&amp;fit=max\" alt=\"blue coupe parked beside white wall\" 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id=\"el-00f2b1c1-85f2-400f-9b1b-e41261532f4b\">\n<h1 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.614887em;line-height:calc(1.2em + 0.21052648698053464em);text-align:left;padding:0;color:#000000;background-color:#ffd900;background:none\"><span style=\"display:block;position:relative;left:0;top:0;margin:-0.13562817258883267% 0;-webkit-box-decoration-break:clone;box-decoration-break:clone\"><span style=\"background-color:#ffd900;-webkit-box-decoration-break:clone;box-decoration-break:clone;position:relative;padding:1.015228426395939% 2.030456852791878%;text-align:left;border-radius:2px 2px 2px 2px;color:transparent\"><span style=\"font-weight: 700; font-style: italic\">Tesla shares jump 13% after Musk says company aims to start production of affordable new EV by early 2025<\/span><\/span><\/span><\/h1>\n<h1 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.614887em;line-height:calc(1.2em + 0.21052648698053464em);text-align:left;padding:0;color:#000000;background-color:#ffd900;background:none;position:absolute;top:0;left:0;right:0\" aria-hidden=\"true\"><span style=\"display:block;position:relative;left:0;top:0;margin:-0.13562817258883267% 0;-webkit-box-decoration-break:clone;box-decoration-break:clone\"><span style=\"background-color:#ffd900;-webkit-box-decoration-break:clone;box-decoration-break:clone;position:relative;padding:1.015228426395939% 2.030456852791878%;text-align:left;border-radius:2px 2px 2px 2px;background:none\"><span style=\"font-weight: 700; font-style: italic\">Tesla shares jump 13% after Musk says company aims to start production of affordable new EV by early 2025<\/span><\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla reported a 9% drop in revenue in the first quarter, the steepest year-over-year decline since 2012. As of Tuesday\u2019s close, the company\u2019s stock price is down more than 40% this year as Tesla faces increased competition across the globe. Sales growth across EVs is slowing, and Tesla and key rivals have been slashing EV&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_kadence_starter_templates_imported_post":false,"web_stories_publisher_logo":0,"web_stories_poster":[],"web_stories_products":[],"footnotes":""},"web_story_category":[],"web_story_tag":[],"class_list":["post-227","web-story","type-web-story","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla reported a 9% drop in revenue in the first quarter, the steepest year-over-year decline since 2012. As of Tuesday\u2019s close, the company\u2019s stock price is down more than 40% this year as Tesla faces increased competition across the globe. Sales growth across EVs is slowing, and Tesla and key rivals have been slashing EV prices, on and off for months, to try to spur demand. - Pakistan Speaks<\/title>\n<meta name=\"description\" content=\"Tesla reported a 9% drop in revenue in the first quarter, the steepest year-over-year decline since 2012. As of Tuesday\u2019s close, the company\u2019s stock price is down more than 40% this year as Tesla faces increased competition across the globe. Sales growth across EVs is slowing, and Tesla and key rivals have been slashing EV...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pakistanspeaks.com\/index.php\/web-stories\/tesla-reported-a-9-drop-in-revenue-in-the-first-quarter-the-steepest-year-over-year-decline-since-2012-as-of-tuesdays-close-the-companys-stock-price-is-down-more-than-40-this-year-as-tesla-faces-incre\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla reported a 9% drop in revenue in the first quarter, the steepest year-over-year decline since 2012. As of Tuesday\u2019s close, the company\u2019s stock price is down more than 40% this year as Tesla faces increased competition across the globe. Sales growth across EVs is slowing, and Tesla and key rivals have been slashing EV prices, on and off for months, to try to spur demand. - Pakistan Speaks\" \/>\n<meta property=\"og:description\" content=\"Tesla reported a 9% drop in revenue in the first quarter, the steepest year-over-year decline since 2012. As of Tuesday\u2019s close, the company\u2019s stock price is down more than 40% this year as Tesla faces increased competition across the globe. 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