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Have Tesla sales topped out? Automaker needs a cheaper model
Have Tesla sales topped out? Automaker needs a cheaper model

Have Tesla Motors sales stalled? That’s what analysts are asking after looking at the electric car company’s latest sales data. Tesla sold about 1,600 of its Model S sports sedans in the U.S. in March, just slightly more than it sold in the same month a year earlier, according to AutoData Corp. Through the first three months of this year, the Palo Alto car company has sold 4,700 cars in the U.S., up not quite 1% from the same period a year earlier. “We believe that Model S demand in the U.S. has plateaued,” said Brian Johnson, an analyst with Barclays Capital. Johnson said U.S. sales of the Model S, which starts at about $71,000, peaked in the second quarter...

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