Tesla Says It's Working on New EVs After a Huge Drop in Profits [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
workforce , the company has revealed that its profit and revenue fell last quarter, according to The New York Times . As a result, the company is accelerating plans to develop new and more affordable EVs. More from Robb Report Mercedes Just Unveiled the All-Electric G-Wagen. Here's What We Know. Range Rover Just Unveiled Its New All-Electric SUV MG Just Unveiled an Ultra-Aerodynamic Hypercar That Can Hit 60 MPH in Under 2 Seconds Before its earnings call on Tuesday evening, Tesla reported that its first-quarter profit fell by 55 percent, to $1.1 billion, and revenue by 9 percent, to $21.3 billion, compared to the same period last year. Additionally, Tesla's operating profit for last quarter was 5.5 percent, half of what it was last year at the same time, and more in line with that of traditional automakers The disappointing numbers were to be expected. Tesla announced at the beginning of the month that it delivered just 383,000 vehicles globally in the first quarter. That
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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