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Stockreport

Tesla's profits sink as the company struggles with cooling demand [Verge, The]

Tesla, Inc. (TSLA)  More Company Research Source: Verge, The
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
But now they've sunk to a six-year low. Share this story Tesla reported its first quarter earnings during an incredibly shaky moment for the company, in which the company's sales numbers and stock price have both fallen. Against this backdrop, Tesla reported $1.1 billion in net income on $21 billion in revenue, down 9 percent from $23.3 billion the same time last year The company's profits, once the envy of the auto industry, are at their lowest in six years thanks to rampant price cutting and slowing demand. Earlier this week, the company approved its latest price cuts for the US, China, and Germany — all major markets for the EV maker. Tesla CEO Elon Musk is expected to face pointed questions from investors on these numbers, as well as recent reports that the company has paused development of a new, low-cost “Model 2” electric vehicle that was expected to come in at $25,000. Musk reportedly delayed the project , preferring to go “balls to the wall” on Tesla's forthcoming rob [Read more]

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Stockreport

Tesla's profits sink as the company struggles with cooling demand [Verge, The]

Tesla, Inc.  (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
But now they've sunk to a six-year low. Share this story Tesla reported its first quarter earnings during an incredibly shaky moment for the company, in which the company's sales numbers and stock price have both fallen. Against this backdrop, Tesla reported $1.1 billion in net income on $21 billion in revenue, down 9 percent from $23.3 billion the same time last year The company's profits, once the envy of the auto industry, are at their lowest in six years thanks to rampant price cutting and slowing demand. Earlier this week, the company approved its latest price cuts for the US, China, and Germany — all major markets for the EV maker. Tesla CEO Elon Musk is expected to face pointed questions from investors on these numbers, as well as recent reports that the company has paused development of a new, low-cost “Model 2” electric vehicle that was expected to come in at $25,000. Musk reportedly delayed the project , preferring to go “balls to the wall” on Tesla's forthcoming rob [Read more]

IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
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)

%

VOLUME RATIO
%

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