Is time up for Tesla’s cars?
Has Tesla run out of road? The electric car firm put plenty of spin on its annual results, talking bullishly about the new projects that were coming to fruition. Elon Musk’s company plans to go big on robots, pivot to Artificial Intelligence, and develop its self-driving unit. Yet there was no disguising the real message from its figures. With falling revenues, and the decision to scrap its premium S and X models, Musk’s pioneer of EVs is in deep trouble – and it may be too late to rescue the company now. Fourth-quarter revenues slumped three per cent to $24.9 billion Fourth-quarter revenues slumped three per cent to $24.9 billion, Tesla said
