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As Tesla Profits Fall, Elon Musk Says Tesla Will Make a Cheaper Car After All [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
they revealed net income to be down 55 percent this quarter compared to the same period last year. Revenue also fell nine percent. In a desperate bid to stop the bleeding, Tesla CEO Elon Musk reneged on his promise to bring a more affordable EV to market yet again. Earlier this month, Reuters reported that the company was looking to pivot to self-driving robotaxis instead , an eyebrow-raising shift in priorities. At first, Musk accused Reuters of " lying " without elaborating further — only to admit that the reports were right all along, announcing that the company's robotaxi reveal was just four months away. Now, the mercurial CEO has seemingly changed his mind once again, assuring investors that his EV maker is now accelerating the launch of new models — a plan far less ambitious than originally thought, and one that highlights the sheer chaos going on behind the scenes. Instead of focusing its efforts on a fresh, next-generation Model 2 — which purportedly will cost a mere
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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]
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