Why Tesla's stock price is surging — here's what Elon Musk said [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
manufacturer said it wanted to accelerate plans for offering more affordable models. The stock was up about 13 percent in early morning trading. Tesla's (TSLA) first quarter results were disappointing, with revenues down 9 percent from 2023 to $21.3 billion and net income down 55 percent to $1.1 billion. Its stock had fallen more than 40 percent so far in 2024 prior to the first quarter report. But investors seem encouraged by the company's plans to accelerate the launch of new models, including more affordable options. Tesla previously had targeted the second half of 2025, but said it was moving up those plans to early 2025 or late 2024. “These new vehicles, including more affordable models, will use aspects of the next-generation platform as well as aspects of our current platforms, and we'll be able to produce on the same manufacturing lines as our current vehicle lineup,” Tesla CEO Elon Musk said. “So it's not contingent upon any new factory or massive new production line.”
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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