Low expectations for Tesla’s second-quarter earnings attributed to Musk

Steep drop in new-car sales and stock price at electric car maker linked to CEO’s role in Trump administrationIt’s been a rocky year for Tesla’s financial outlook. The electric vehicle maker once led the market for gas-free cars, but recently has faced falling stock, steep competition and a CEO who has been described as erratic and a chaos maker. Given the events of the past few months, Wall Street has a pessimistic expectation for Tesla’s second-quarter earnings, to be reported after the bell on Wednesday.Analysts are predicting the company’s second-quarter revenue to be $22.7bn, down 11% from the same time last year, and marking a second straight quarterly decline, according to CNBC. Continue reading...

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