Tesla Motors is confronting a global deceleration in electric vehicle demand, with U.S. sales declining following the expiration of federal tax credits and growth in China moderating due to reduced incentives. Industry statistics reveal that electric vehicle sales dropped in North America and China during January, while European figures advanced as subsidies were reintroduced across the region. Shares of Tesla Motors (TSLA) edged up 0.9% in early trading on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.