Tesla Inc. shares surged after Elon Musk vowed to launch less-expensive vehicles as soon as late this year, easing concerns about disappointing earnings results and diminished growth prospects.
Tesla (NASDAQ: TSLA), and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of April 23,
Tesla reiterated that it expects capital expenditure to exceed $10 billion this year and to be between $8 billion to $10 billion in each of the following years, the electric vehicle makers said in a regulatory filing on Wednesday.
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.
Trump May Face Questioning on Previous Court Rulings Under Testimony, Including Tax Fraud and Defamation Cases Karl Brauer, executive analyst at ISeeCars.com, discusses the company's first-quarter earnings.
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 now says that it expects its own 4680 battery cells to become cheaper than those coming from suppliers by the end of the year. 4680 is a new cell format enabled by new technologies, like tabless cells,
Tesla's Q1 earnings report shows a drop in revenue, deliveries, margins, and EPS, but highlights plans for new mass-market models and a robotaxi platform.
Tesla reported its first-quarter adjusted earnings plunged 48%, falling short of lowered Wall Street forecasts, but it assured investors that it plans to move ahead with a cheaper model due out next year.