Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears [Reuters]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Reuters
would rise this year and said it would roll out more affordable models in early 2025. The news cheered up investors who were bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement of a highly touted meeting with the Indian prime minister. It also helped Wall Street shrug off the company's weak results that included its first quarterly revenue decline in nearly four years and a lower-than-expected profit. "First impression for us is CEO Elon Musk is appeasing the market by accelerating new product launches," Jefferies analysts, led by Philippe Houchois, said in a note. The company was on track to add nearly $50 billion to its market value, based on premarket movements. Its stock is down 42% so far this year amid fierce competition and falling sales. The growth strategy could strengthen shareholder support for a vote in May on the $56 billion compensation package for CEO Elon Musk that was voided by a Delaw
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News
- 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
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