Tesla's profits sink as the company struggles with cooling demand [Verge, The]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Verge, The
But now they've sunk to a six-year low. Share this story Tesla reported its first quarter earnings during an incredibly shaky moment for the company, in which the company's sales numbers and stock price have both fallen. Against this backdrop, Tesla reported $1.1 billion in net income on $21 billion in revenue, down 9 percent from $23.3 billion the same time last year The company's profits, once the envy of the auto industry, are at their lowest in six years thanks to rampant price cutting and slowing demand. Earlier this week, the company approved its latest price cuts for the US, China, and Germany — all major markets for the EV maker. Tesla CEO Elon Musk is expected to face pointed questions from investors on these numbers, as well as recent reports that the company has paused development of a new, low-cost “Model 2” electric vehicle that was expected to come in at $25,000. Musk reportedly delayed the project , preferring to go “balls to the wall” on Tesla's forthcoming rob
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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