Tesla is developing a new smaller, cheaper EV, Reuters sources say

Analysts forecast a third-straight year of declining sales for Tesla's traditional EVs, which still generate the majority of the company's revenue. The push toward a driverless future raises near-term revenue and earnings risk and increases investor uncertainty, creating potential downside pressure on the stock.

Analysis

Analysts forecast a third-straight year of declining sales for Tesla's traditional EVs, which still generate the majority of the company's revenue. The push toward a driverless future raises near-term revenue and earnings risk and increases investor uncertainty, creating potential downside pressure on the stock.