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Analyst overhauls Tesla price target amid major strategy shift. [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Tesla TSLA , which will publish its highly anticipated first-quarter earnings on Tuesday, April 23, is going through perhaps one of the most significant changes to its extraordinary growth story in years, as it looks to shift focus from its core auto-manufacturing business to a broader self-driving and energy-storage future. That's led to both a likely delay in the launch of its lower-priced Model 2 sedan, which was expected to cost around $25,000, and to the largest layoffs in company history, as CEO Elon Musk looks to "prepare the company for our next phase of growth," according to an internal memo. Musk has been hinting at a focus on his often-stated AI ambitions for much of the past few months, and told employees in late March that it's now "mandatory" for its North American operations to "install and activate" Full-Self-Driving software in new Tesla vehicles and to "take customers on a short test ride before handing over the car." NurPhoto/Getty Images "Almost no one act
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