New York (CNN Business)Tesla is probably about to report the largest drop in auto sales in the company’s history.
That’s not a shock —Tesla faced some special circumstances last quarter. But it’s still a concern: Tesla needs to keep its sales pace high to pay down its sizable debts.
Tesla will report first quarter sales and production figures Tuesday, and Wall Street analysts expect them to be sharply lower than the 90,700 cars that the company sold and delivered to customers last quarter. Analysts predict Tesla delivered just over 50,000 cars over the last three months.
