Shares in Elon Musk’s electric vehicle maker fell sharply after the company delivered lackluster quarterly results and declined to give full-year guidance.
Two years behind schedule, the electric model has an unusual design that sets it apart from rival pickups, which could limit its sales.
The Department of Justice has sought documents related to vehicle range and “personal benefits,” Tesla said.
Analysts expected a decline in sales for the quarter. Still, the dip may raise concerns about flagging demand.
Elon Musk is expected to announce plans for a new factory in Mexico and an array of other measures to win back investors’ favor.
Already two years behind schedule, the Cybertruck has experts wondering how the company will manufacture its unusual stainless steel “exoskeleton.”
Tesla said it expected capital expenditures to be $6 billion to $8 billion in 2022, up from an April forecast of $5 billion to $7 billion.
The world’s largest maker of electric cars struggled with production problems in China.
While its C.E.O., Elon Musk, and the state’s conservative lawmakers share libertarian sensibilities, they differ greatly on climate change and renewable energy.
While its C.E.O., Elon Musk, and the state’s conservative lawmakers share libertarian sensibilities, they differ greatly on climate change and renewable energy.