The automaker led by Elon Musk is no longer planning to take the lead in expanding the number of places to fuel electric vehicles. Itβs not clear how quickly other companies will fill the gap.
The carmaker dismissed 500 employees in a unit that was critical to its success and seen as important to the future of electric vehicle sales in the United States.
The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.
The companyβs directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the companyβs registration to Texas, from Delaware.
Mr. Musk, the chief executive of Tesla, has turned off many people with polarizing remarks on social media, and it may be affecting the automakerβs sales.
Volkswagenβs plant in Zwickau stopped producing Golfs and switched to electric vehicles, illuminating the risks and opportunities for factory towns and cities.