Investors in Tesla Inc.’s stock may be having a very good day Wednesday, but none are having anywhere where near as good a day as Chief Executive Elon Musk.
By Aditya Soni and Reshma Rockie George (Reuters) -Tesla shares surged about 10.5% in premarket trading on Wednesday after the electric-car maker eased some worries about slowing growth with a prediction that sales would rise this year and plans to roll out more affordable models in early 2025.
Chief Executive Elon Musk just reassured investors on one big question, but a UBS analyst says he left many more in that wake. Coming into Tesla’s earnings call Tuesday afternoon, investors had been jittery about the company’s low-cost Model 2 plans — which the company had signaled might be deprioritized as Tesla focuses on its robotaxi ambitions.
Tesla expects to book more than $350 million in costs in the current quarter for the mass layoffs it began last week, the automaker disclosed on Wednesday, as it shifts focus to more affordable models that it plans to introduce by early 2025.
T esla Chief Executive Elon Musk may have given investors what they wanted with promises of a more affordable vehicle coming soon, but those promises may lead to more pain for investors. While reporting a disappointing first quarter on Tuesday,
Tesla said on Tuesday it would introduce "new models" by early 2025 using its current platforms and production lines as it retreated from more ambitious plans to produce an all-new model that had been expected to cost $25,
Tesla's first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker's revenue and profit margins
Buried in the earnings release, Tesla did something it doesn’t typically do: It gave investors some firm dates on near-term plans. There’s very little good news in Tesla’s Q1 earnings. Earnings per share and revenues both missed analyst expectations.
Profits from Tesla’s energy business were up 140 percent compared with the same period last year, and Musk asserted yesterday that the division will continue to grow “significantly faster than the car business.
The Tesla CEO scrapped plans to build his low-cost car using a revolutionary new technique, opting to save money and bring the model to market sooner to reignite growth.
Tesla shares zoomed higher in early trading, despite the automaker reporting dismal first-quarter earnings on Tuesday. Investors took heart after Chief Executive Elon Musk said Tesla was accelerating
The EV maker's quarterly profit plunged, but Chief Executive Elon Musk sought to assuage some concerns by underscoring Tesla's commitment to [bringing out less-expensive cars](
Tesla Chief Executive Elon Musk may have given investors what they wanted with promises of a more affordable vehicle coming soon, but those promises may lead to more pain for investors. On Tuesday, Tesla did not specify a price tag for what it is calling an affordable EV,
Tesla has seen its profits more than halve this year, and says it will bring forward the launch of new models and cut thousands more jobs to try to reverse its fortunes. The electric vehicle (EV) maker said on Tuesday it had made $1.
Tesla stock dropped 43% from the beginning of the year through April 22. But, since then, its shares have rebounded 16%. And what has propelled them higher? Slivers of good news amid a weak first-quarter earnings report.
It’s a classic Elon Musk move. Tesla released some pretty grim first-quarter numbers on Tuesday, showing that net income dropped more than 50% from last year. During the earnings call, however, Musk floated his “new” vision for the electric car company.
Things turned out a little differently, with the results repudiating something else: lousy strategic planning by Tesla and others. Tesla is no longer in growth mode. First-quarter
Key Takeaways U.S. equities were lower at midday Wednesday, April 24, 2024 following a slew of corporate earnings.Tesla shares surged after Elon Musk announced the electric vehicle maker will accelerate production of new models,
Shares of Tesla (NASDAQ: TSLA) were surging today as investors looked past the weak first-quarter earnings report from the leader in electric vehicles (EVs). They were instead swayed by CEO Elon Musk's insistence that the stock should be valued as an artificial intelligence (AI) and robotics company rather than an auto stock.
Tesla stock surges after the electric-vehicle maker says its future car lineup would include ‘more affordable models,’ Humana slumps after stepping back from 2025 guidance, Boeing posts a narrower-than-expected loss,
But even resolving every safety concern may not stop Tesla’s entire EV business from becoming a hazard. Yesterday afternoon, the world’s most valuable car company released its earnings report for the first quarter of 2024,
It’s a classic Elon Musk move. Tesla released some pretty grim first-quarter numbers on Tuesday, showing that net income dropped more than 50% from last year. During the earnings call, however, Musk floated his “new” vision for the electric car company.
Tesla stock is tracking toward its best day in 27 months, a rally following a pretty brutal Q1 earnings report as investors bought into the growth game plan laid forth by Musk and company.
Tesla doesn’t seem to be able to catch a break right now. Whether it’s falling registrations as sales drop, or recalls of its flagship models, the electric vehicle maker is certainly having a time of it right now.
Tesla shares surged 11% during premarket trading Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.
Tesla shares powered firmly higher in early Wednesday trading and look set for their strongest session gain in more than a year, after the electric-vehicle producer eased investor concerns about an abrupt strategy shift away from its core carmaking business.
Tesla stock would likely have dropped after the Q1 earnings release had the EV maker not announced good news about the launch of more affordable vehicle models.
Tesla said on Tuesday it would introduce "new models" by early 2025 using its current platforms and production lines as it retreated from more ambitious plans to produce an all-new model that had been expected to cost $25,
Tesla said it will lay off 6,020 employees in California and Texas ahead of its quarterly results on Tuesday when CEO Elon Musk is expected to outline the electric-vehicle maker's strategy to combat slowing demand and falling margins.
Tesla’s woes to start 2024 are many and ongoing — but that doesn’t mean the world’s most valuable automaker is stopping. Tesla stock soared as high as 16% in after-hours trading Tuesday, after Elon Musk’s electric vehicle company reported quarterly earnings that revealed a 9% year-over-year revenue decline — its biggest drop since 2012.
Tesla shares gained 12% Wednesday, a day after the electric vehicle maker announced an accelerated production timeline for new products despite missing analyst expectations. Bank of America upgraded Tesla stock to a "buy" rating,
By the time Elon Musk held a conference call with Wall Street on Tuesday night, he had spent most of the last year on the defensive. The call was nominally to discuss Tesla’s historically bad earnings that saw net income drop 55 percent last quarter.