Tesla hits speed bump but with improved suspension [Reuters]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Reuters
of revenue for its fourth quarter, a 65% increase on the same period a year earlier, but said that it's having to operate below capacity because of parts shortages while facing higher costs. Those factors could impede the pace at which electric vehicles take over the planet. But since Tesla is more profitable than competitors, even at a lower gear it ought to remain in front. Elon Musk's $940 billion auto firm had already hit one speed bump, namely the industry-wide shortage of semiconductors. Tesla handled the situation better than most, in that it increased production by 87% to nearly a million cars last year. But other components and materials are also growing scarce and more expensive. Traditional car companies like General Motors (GM.N) have said they face billions of dollars of increased costs from commodities. Tesla's electric cars need so-called rare earth metals and lithium, and the company said on Wednesday that pressure on supply will continue throughout 2022. Where Mus
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News
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- Tesla Creates Website To Convince Shareholders To Make Elon Musk $55 Billion Richer [Yahoo! Finance]Yahoo! Finance
TSLA
Earnings
- 1/24/24 - Beat
TSLA
Sec Filings
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form PRE
- 4/16/24 - Form 8-K
- TSLA's page on the SEC website