Tesla reports biggest revenue slide since 2012, announces renewed push for affordable model [MSNBC.com]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: MSNBC.com
TeslaHere are the results.Revenue declined from $25.17 billion a year earlier. Net income dropped 55% to $1.13 billion from $7.93 billion a year ago.The drop in sales was even steeper than the company's last decline in 2020, which was due to disrupted production during the Covid pandemic. Tesla's automotive revenue declined 13% year-over-year to $17.34 billion in the first three months of 2024.In itsshareholder deckTesla shares have plummeted more than 40% this year on concerns about weak deries, competition in China and the company's ongoing price cuts. Earlier this month, Tesla reported an 8.5% year-over-year decline in vehicle deries for the first quarter.The stock, trading near its lowest since early 2023, rose about 5% in extended trading after the report.The company said in the deck that it's accelerating the launch of "new vehicles, including more affordable models," that will "be able to be produced on the same manufacturing lines" as Tesla's current lineup. Tesla is aiming to
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TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 4/30/24 - Form PX14A6G
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form ARS
- TSLA's page on the SEC website