Tesla finally has to deal with the EV slowdown.
The EV company can't rely on hybrids and gas cars like competitors.
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Both Ford and GM exceeded analyst expectations for the first quarter thanks to cost cutting and stronger demand for gas-powered cars.
But the tables have turned now as traditional automakers are able to tap into a newly popular segment unoccupied by Tesla: hybrids.
Persons:
Tesla, Musk, —, Elon, Mary Barra, Barra, ruffle Musk
Organizations:
EV, Service, Ford, GM
Locations:
North America