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Stockreport

Tesla profits down 55 per cent amid job losses, delivery issues and Cybertruck recall [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
During that same period, revenues fell nine per cent, to $21.3bn, according to the filing. It's the largest decline in revenue the company has reported since 2012, CNBC reports In a summary alongside the disclosure, the company described a host of challenges in recent months. “We experienced numerous challenges in the [first quarter] from the Red Sea conflict and the arson attack at Gigafactory Berlin , to the gradual ramp of the updated Model 3 in Fremont,” the company wrote. “Global EV sales continue to be under pressure as many carmakers prioritize hybrids over EVs.” The figures are the latest sign of difficulties at the electric carmaker. This month, the company, facing increased competition from other EV manufacturers, reported that sales in the first quarter of 2024 were down 8.5 per cent compared to the previous year. That's a steeper decline than during the last major slump in 2020 , amid the worst of the Covid pandemic. Deliveries , meanwhile, are also down 20 [Read more]
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Stockreport

Tesla profits down 55 per cent amid job losses, delivery issues and Cybertruck recall [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
During that same period, revenues fell nine per cent, to $21.3bn, according to the filing. It's the largest decline in revenue the company has reported since 2012, CNBC reports In a summary alongside the disclosure, the company described a host of challenges in recent months. “We experienced numerous challenges in the [first quarter] from the Red Sea conflict and the arson attack at Gigafactory Berlin , to the gradual ramp of the updated Model 3 in Fremont,” the company wrote. “Global EV sales continue to be under pressure as many carmakers prioritize hybrids over EVs.” The figures are the latest sign of difficulties at the electric carmaker. This month, the company, facing increased competition from other EV manufacturers, reported that sales in the first quarter of 2024 were down 8.5 per cent compared to the previous year. That's a steeper decline than during the last major slump in 2020 , amid the worst of the Covid pandemic. Deliveries , meanwhile, are also down 20 [Read more]
IMPACT SNAPSHOT
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TSLA
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Price Change
Price Change %
Volume Shares
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
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%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS