Stockreport
After Tesla's falling sales, layoffs and other problems, this is a crucial earnings report [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
So far this year Tesla shares have fallen 43% as of the close of trading Monday, after losing another 3% on the day following the latest round of price cuts announced over the weekend. The drop in the value of the stock has even some Tesla bulls worried about the future for the world's most valuable automaker, and one that had been among the most profitable for the last five years. Concerns about the EV demand not living up to forecasts is hurting all auto stocks, but Tesla has had its own run of bad news lately to worry investors. And it makes what Tesla says Tuesday evening very important for its future. “The moment of truth has now arrived for Elon Musk and Tesla,” said Dan Ives, analyst with Wedbush Securities who has had a bullish view of Tesla for years. But he said the “conference call and messaging one of the most important moments in the company's history.” “ For the first time many long time Tesla believers are giving up on the story and throwing in the white towel,”
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- Have the wheels come off for Tesla? [Yahoo! Finance][Yahoo! Finance]
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