Tesla sales fall for second straight quarter despite price cuts

Electric automaker’s quarterly deliveries fell for two straight quarters for the first time ever

Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall.

The Austin, Texas, company said on Tuesday that it sold 443,956 vehicles from April through June, down 4.8% from 466,140 sold the same period a year ago. The sales were better than the 436,000 figure that analysts had expected.