CNN —
Tesla’s sales plunge over the last 18 months has been a stunning turn for a company that recorded only one quarterly year-over-year sales drop before 2024. And the company faces significant trouble ahead.
Investors already know that second-quarter sales fell a record 13.5% compared to a year earlier, the second straight quarter in which its sales were off at least 13%.
But a second-quarter earnings report, due after the market closes at 4pm ET, could shed light on other, potentially bigger problems as well, as the company faces losing its title
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