In the upcoming earnings report on Tuesday, Tesla CEO Elon Musk is under pressure to show investors that recent setbacks are temporary hiccups rather than signs of a downward trend. The electric car company, which had been experiencing rapid growth, faced challenges such as a drop in first-quarter deliveries, layoffs, and a recall of the Cybertruck due to an acceleration issue. Musk also faced criticism for reviving a compensation package after a court ruling, and rumors that the company may be shelving plans for a lower-priced vehicle. Analysts are becoming more skeptical of Tesla’s explanations for its recent performance, with some downgrading the company’s stock. While Musk remains confident in the company’s future, concerns about the delayed Model 2 and the readiness of the “Robotaxi” technology linger. Investors are looking for more clarity from Tesla about its strategy moving forward.
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