Tesla to accelerate launch of cheaper cars after sales miss [BNN Bloomberg (Canada)]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: BNN Bloomberg
The electric-vehicle maker plans to start production on the cheaper cars before the second half of 2025, when it had previously pledged to begin making them. The Elon Musk-led company has been coping with a sales slump as EV demand falters. Tesla's adjusted earnings per share came to 45 cents in the first three months of the year, compared with Wall Street's expectation of 52 cents a share. Revenue fell 9 per cent to US$21.3 billion, according to a statement Tuesday, in line with its first year-over-year drop in deliveries since 2020. That was still short of the $22.3 billion analysts expected. Tesla's shares rose 5.7 per cent as of 4:11 p.m. after regular trading in New York. The stock tumbled 42 per cent this year through Tuesday's close, the worst performance in the S&P 500 Index. Tesla also kept its near-term growth expectations in check, saying deliveries may be lower than last year. “In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieve
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TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 5/3/24 - Form DEFA14A
- 4/30/24 - Form PX14A6G
- 4/29/24 - Form DEFA14A
- TSLA's page on the SEC website