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Analysts scramble to reset Tesla price targets as stock soars after earnings [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
electric-vehicle producer eased investor concerns about an abrupt strategy shift away from its core carmaking business. Tesla TSLA posted a weak set of first-quarter earnings after the close of trading on April 23, with net income falling nearly 55% from a year earlier to $1.13 billion and revenue sliding 8.7% to $21.3 billion, but vowed to introduce a new lineup of cars within the next year. That signal came amid broader concern that Tesla would move away from its traditional carmaking roots in favor of a business model focused on autonomous driving, robotics and AI-related technologies. That triggered an after-hours jump in Tesla stock that was cemented by a shareholder-friendly conference call from Chief Executive Elon Musk. "I think we'll have higher sales this year than last year," Musk told investors, even as the group reiterated its forecast for "notably lower" vehicle deliveries for the current year. Leon Neal/Getty Images "We've updated our future vehicle lineup to
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- Rule tweak allows Tesla, EV makers to maintain tax-credit marketing push in car sales [Fortune][Fortune]
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- Tesla is pulling out all the stops to get Elon Musk his $47 billion pay package [Business Insider][Business Insider]
- Tesla in Turmoil as Musk Makes Multiple Controversial Moves [Yahoo! Finance][Yahoo! Finance]
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