News@lemmy.worldEnglish · 2 days ago

Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates

www.cnbc.com

cross-posted to:
enoughmuskspam@lemmy.world

611

Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates

www.cnbc.com

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 2 days ago

cross-posted to:
enoughmuskspam@lemmy.world

Tesla's first-quarter earnings report lands as investors reckon with a steep slide in the company's stock price.

KEY POINTS

Tesla missed on the top and bottom lines in its first-quarter earnings report.
Automotive revenue plunged 20% from a year earlier.
The stock, down 41% so far this year, was little changed in extended trading.

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Musk was heavily involved in the designs of the roadster and model S. Believe it if you want.

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