Tesla's weak first-quarter deliveries an 'unmitigated disaster' for Musk

Tesla's quarterly deliveries declined for the first time in nearly four years and fell short of Wall Street analysts' estimates amid a challenging competitive landscape in the EV market and questions regarding the company's direction. The Elon Musk-led automaker's stock declined by 4.9% during Tuesday's trading session and slid a further 0.28% in after hours trading, with the stock down nearly 33% on the year. That followed Tesla's announcement that it delivered roughly 387,000 vehicles in the first quarter ...