Tesla Q1 profit crashes more than 50% to $1.1B as production woes hit deliveries [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
period in 2023 with the company blaming the result on global supply issues, an attack on its European battery plant and competition from hybrids. Numerous challenges including supply chain disruptions from ships being unable to use the Suez Canal due to attacks in the Red Sea, a suspected arson attack that shuttered its Berlin Gigafactory and a shift to early production of an updated version of its key Model 3 saw deliveries fall by a fifth, Tesla said in results published Tuesday. Tesla delivered 386,810 cars in the quarter -- 96% of which were Model 3s -- compared with 484,507 in the October to December period and down 8.5% on Q1 in 2023, with total revenue falling 9% to $21.3 billion compared with $23.3 billion in the same period last year. Revenue from its core car business took an even bigger hit, plunging 13% to $17.4 billion. The disappointing results were in spite of falling costs at the company which is among only a handful of carmakers making a profit on EVs amid a sof
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TSLA
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