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Tesla to accelerate launch of cheaper cars after sales miss [BNN Bloomberg (Canada)]

Tesla, Inc. (TSLA)  More Company Research Source: BNN Bloomberg
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The electric-vehicle maker plans to start production on the cheaper cars before the second half of 2025, when it had previously pledged to begin making them. The Elon Musk-led company has been coping with a sales slump as EV demand falters. Tesla's adjusted earnings per share came to 45 cents in the first three months of the year, compared with Wall Street's expectation of 52 cents a share. Revenue fell 9 per cent to US$21.3 billion, according to a statement Tuesday, in line with its first year-over-year drop in deliveries since 2020. That was still short of the $22.3 billion analysts expected. Tesla's shares rose 5.7 per cent as of 4:11 p.m. after regular trading in New York. The stock tumbled 42 per cent this year through Tuesday's close, the worst performance in the S&P 500 Index. Tesla also kept its near-term growth expectations in check, saying deliveries may be lower than last year. “In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieve [Read more]
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Stockreport

Tesla to accelerate launch of cheaper cars after sales miss [BNN Bloomberg (Canada)]

Tesla, Inc.  (TSLA) 
More Company Research Source: BNN Bloomberg
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The electric-vehicle maker plans to start production on the cheaper cars before the second half of 2025, when it had previously pledged to begin making them. The Elon Musk-led company has been coping with a sales slump as EV demand falters. Tesla's adjusted earnings per share came to 45 cents in the first three months of the year, compared with Wall Street's expectation of 52 cents a share. Revenue fell 9 per cent to US$21.3 billion, according to a statement Tuesday, in line with its first year-over-year drop in deliveries since 2020. That was still short of the $22.3 billion analysts expected. Tesla's shares rose 5.7 per cent as of 4:11 p.m. after regular trading in New York. The stock tumbled 42 per cent this year through Tuesday's close, the worst performance in the S&P 500 Index. Tesla also kept its near-term growth expectations in check, saying deliveries may be lower than last year. “In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieve [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
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High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS