Tesla just said it's going to launch cheaper EVs sooner than expected [Business Insider]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Business Insider
CEO Elon Musk has long promised the launch of a $25,000 Tesla. Tesla is pivoting its plan for vehicle production amid a steep revenue drop in the first quarter of 2024. The electric vehicle maker said Tuesday it will be launching "new and more affordable products" ahead of its previous timeline, which had predicted production to start in the second half of 2025. To make the process move along faster, the new EVs "will be able to be produced on the same manufacturing lines as our current vehicle line-up," it said. "Ultimately, we are focused on profitable growth, including by leveraging existing factories and production lines to introduce new and more affordable products," the company said. Tesla's revenue slumped 9% year-over-year in Q1 — the steepest drop since 2012. Deliveries of its vehicles fell 9%, far faster than its 2% drop in production. "Global EV sales continue to be under pressure," it also said today. In recent weeks, Tesla has slashed the prices of the Mode
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- 4/30/24 - Form PX14A6G
- 4/29/24 - Form DEFA14A
- TSLA's page on the SEC website