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‘Wartime mode' Elon Musk restores investor faith in Tesla's growth story by accelerating plans to launch new models [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Exuding confidence, Tesla's CEO flipped the switch on what some are calling his “ wartime mode ” and delivered a clutch performance during the Q1 earnings call, promising to speed up the deployment of badly needed new models that would reignite its supercharged growth rates of yesteryear. “We've updated our future vehicle lineup to accelerate the launch of new models ahead of previously mentioned start of production in the second half of 2025,” he told investors. “So we expect it to be more like early 2025, if not late this year.” With his $45 billion pay package from 2018 on the line and the stock plumbing fresh 52-week lows on Monday, Musk needed to shore up waning confidence in Tesla's busted equity story Reports he had abandoned the $25,000 low-cost car already deep in development in favor of a dedicated robo-taxi model Musk is now calling the Cybercab, were deemed so risky the son of one of Musk's most ardent investors, Ron Baron, branded it “ thesis-changing .” On Tuesd
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