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The stark contrast between Meta and Tesla earnings reactions reveals the uncanny power of Musk's promises [Business Insider]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Despite his track record, Musk's promises still carry weight. Once again, Elon Musk managed to buck expectations this week when the company's stock soared despite dismal earnings results. Tesla quelled weeks of investor angst with Musk's word on two important future products: a long-awaited affordable model and the eventual activation of a self-driving ride-hailing fleet. Musk did not give a timeline for when either of these things would happen (we might see one in August ). Even if he did, the billionaire is famous for missing his own deadlines. Still, Tesla 's stock, which had been in a free-fall heading into Tuesday's earnings, has soared 16% in the days after. (It's still about 35% off recent highs, though). Facebook owner Meta, on the other hand, reported relatively strong earnings for the first quarter — only to see its stock price plummet as investors worried over the cost of CEO Mark Zuckerberg's future AI ambitions. While Musk talked cost-cutting, Zuckerberg had
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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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