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Stockreport

Tesla profits plunge as automaker grapples with slumping electric vehicle sales [CBS News]

Tesla, Inc. (TSLA)  More Company Research Source: CBS News
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The automaker's first-quarter profit plummeted 55% as falling global sales and price cuts sliced into the EV maker's revenue and earnings. The company said Tuesday it made $1.13 billion in profit from January through March, compared with $2.51 billion in the same period a year ago. Revenue was $21.3 billion, down 9% from last year, the company said. Tesla executives blamed the dip partly on EV sales being "under pressure as many carmakers prioritize hybrids over EVs." The weak earnings report landed on the same day Tesla announced it plans to lay off nearly 2,700 workers at its factory in Austin, Texas. The layoffs will happen during a two-week period starting June 14, according to a layoff notice . Tesla said last week that it's planning to lay off more than 10% of its roughly 140,000 workers globally. Tesla didn't immediately respond to a request for comment. The latest financial results continue what has been tough stretch for Tesla this year. The company said earlier this [Read more]
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Stockreport

Tesla profits plunge as automaker grapples with slumping electric vehicle sales [CBS News]

Tesla, Inc.  (TSLA) 
More Company Research Source: CBS News
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The automaker's first-quarter profit plummeted 55% as falling global sales and price cuts sliced into the EV maker's revenue and earnings. The company said Tuesday it made $1.13 billion in profit from January through March, compared with $2.51 billion in the same period a year ago. Revenue was $21.3 billion, down 9% from last year, the company said. Tesla executives blamed the dip partly on EV sales being "under pressure as many carmakers prioritize hybrids over EVs." The weak earnings report landed on the same day Tesla announced it plans to lay off nearly 2,700 workers at its factory in Austin, Texas. The layoffs will happen during a two-week period starting June 14, according to a layoff notice . Tesla said last week that it's planning to lay off more than 10% of its roughly 140,000 workers globally. Tesla didn't immediately respond to a request for comment. The latest financial results continue what has been tough stretch for Tesla this year. The company said earlier this [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
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Price Change
Price Change %
Volume Shares
Max Up
Max Down
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:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
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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