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On crucial earnings call, Musk reminds the world Tesla is a tech company. ‘Even if I'm kidnapped by aliens tomorrow, Tesla will solve autonomy' [Fortune]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
“If you value Tesla as just an auto company, fundamentally, it's just the wrong framework,” Musk said during Tesla's first quarter earnings call on Tuesday. Musk's comments came during a critical moment for Tesla. Heading into the earnings announcement, Tesla faced mounting pressure from investors over its future. Investors were especially concerned that Tesla might scrap plans for a new, more affordably priced car altogether given that Musk had repeatedly telegraphed his intentions to turn much of Tesla's resources toward robotaxis and self-driving car technology. Investors have balked at the idea that a car company with declining sales would delay the release of its new model in favor of developing a technology that does not exist yet. Instead, Tesla split the difference. It moved up the production schedule of its new models from late 2025 to early 2025, with a possibility they may even arrive by the end of this year, according to Musk. While at the same time making crystal cle
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- Elon Musk sues Indian battery company Tesla Power for trademark infringement [FOX Business Network][FOX Business Network]
- Rule tweak allows Tesla, EV makers to maintain tax-credit marketing push in car sales [Fortune][Fortune]
- Have the wheels come off for Tesla? [Yahoo! Finance][Yahoo! Finance]
- 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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