Tesla

2024 - 4 - 24

Tesla's Rollercoaster Ride: Profits Plunge but Hope Rises for Affordable EVs

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Tesla faces challenges as profits drop, but excitement grows for new affordable electric vehicle models. Check out the latest on Tesla's journey!

Tesla, the revolutionary electric vehicle (EV) maker, has recently faced a turbulent period with a 55% drop in profits, leading to significant job cuts. CEO Elon Musk boldly announced that Tesla is transitioning into an AI and robotics company, emphasizing the development of robotaxis, affordable EVs, and technology supporting the Tesla ecosystem. Despite the financial setback, Tesla's shares surged as the company revealed plans to accelerate the production of lower-priced EVs, sparking hope for a brighter future.

In the midst of financial challenges, Tesla is focusing on innovative growth areas and strategic cost reductions, showcasing resilience amidst mounting pressures. Although Tesla's first-quarter earnings reported a sharp decline, the company's stock price soared, reflecting investor optimism following projections to ramp up production. Elon Musk's strategic moves and bold promises continue to influence Tesla's market trajectory, buoying the company through tough times.

Interestingly, despite the dip in car sales, Elon Musk remains confident in Tesla's growth potential, highlighting the faster growth of energy storage over EVs. This unique perspective sets Tesla apart in the automotive industry, signaling a shift towards broader sustainability efforts. The market response to Musk's pledge to introduce more affordable EV models by 2025 has been overwhelmingly positive, propelling Tesla's market value to new heights. With Musk's vision and Tesla's commitment to innovation, the company remains a significant player in the EV market, shaping the future of sustainable transportation.

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Image courtesy of "BBC News"

Tesla profits cut in half as demand falls (BBC News)

It caps a difficult period for the electric vehicle (EV) maker, which - faced with falling sales - has announced thousands of job cuts. Boss Elon Musk remains ...

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Image courtesy of "pymnts.com"

Tesla Calls Itself an AI, Robotics Company as Profits Plunge 55% (pymnts.com)

As profits dropped 55%, CEO Elon Musk says Tesla is about robots, AI, robotaxis, cheaper EVs, and anything that supports the Tesla ecosystem.

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Image courtesy of "The Guardian"

How soon can Tesla get its more affordable car to the market? (The Guardian)

Shares jump after carmaker says it is looking to accelerate production of lower-price EVs.

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Image courtesy of "Reuters India"

Tesla jumps as Musk's promise of 'more affordable' cars eases ... (Reuters India)

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 ...

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Image courtesy of "Tech Xplore"

Tesla 1Q profit falls 55%, but stock jumps as company moves to ... (Tech Xplore)

Tesla's first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would move up production of ...

Tesla Inc (TSLA) Q1 2024 Earnings Call Transcript Highlights ... (Yahoo Eurosport UK)

Amidst a mixed financial quarter, Tesla focuses on innovative growth areas and strategic cost reductions.

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Image courtesy of "Livemint"

Tesla reports sharp drop in first-quarter earnings | Mint (Livemint)

The world's most-valuable automaker is in a more precarious place than it has been in years.

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Image courtesy of "The Wall Street Journal"

Stock Market Today: Dow Opens Lower; Tesla Stock Soars -- Live ... (The Wall Street Journal)

Tesla shares zoomed higher in early trading, despite the automaker reporting dismal first-quarter earnings on Tuesday. Investors took heart after Chief ...

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Image courtesy of "Fortune"

Tesla may have found itself a lifejacket—but its rocky ride following ... (Fortune)

Elon Musk pictured at the launch of Tesla Model X Crossover SUV in 2015. Justin Sullivan—Getty Images. Tesla has had a rough ride the past couple ...

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Image courtesy of "E&E News"

Tesla says energy storage is growing faster than its EVs (E&E News)

CEO Elon Musk dismissed worries over his company's falling car sales, saying Tesla will launch new electric vehicle models in 2025.

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Image courtesy of "Livemint"

Tesla share price jumps 10% as Musk's pledge to build affordable ... (Livemint)

Tesla's market value likely to increase by nearly $50 billion, led by the premarket surge in its stock price, which currently stands at $460 billion.

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Image courtesy of "Forbes"

Elon Musk Just Got Much Richer From Tesla Stock's Historic Post ... (Forbes)

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 ...

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Image courtesy of "CNBC"

Tesla surges after Elon Musk says new affordable EV models coming (CNBC)

Tesla shares surged 15% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.

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Image courtesy of "TIME"

Tesla Is in Panic Mode. Can Elon Musk Turn the Company Around? (TIME)

The carmaker's profits fell 55% in the first quarter of 2024. Elon Musk faces major challenges in Tesla's EV and AI products.

Here's how much Elon Musk is making on Tesla's stock rally (Morningstar.com)

By Tomi Kilgore. Latest SEC filings show Musk owns about 715 million Tesla shares, or more than 20% of the shares outstanding.

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Image courtesy of "Yahoo Finance"

Stock market today: Tesla surges after earnings but indexes slide as ... (Yahoo Finance)

^GSPC. Stocks slipped on Wednesday, as bond yields rose and investors awaited more quarterly results from companies. The Nasdaq Composite (^IXIC) was down ...

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Image courtesy of "Forbes"

Tesla Earnings Were Bad But Market Finds Reason For Optimism (Forbes)

After the close, the company reported earnings showing a significant drop in first quarter revenues and profits.

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Image courtesy of "IoT Tech News"

Tesla unveils more details about driverless ride-hailing service (IoT Tech News)

Ryan Daws is a senior editor at TechForge Media, with a seasoned background spanning over a decade in tech journalism. His expertise lies in identifying the ...

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Image courtesy of "CNBC"

Elon Musk is keeping investors' dreams of a Tesla robotaxi alive (CNBC)

Tesla CEO Elon Musk continues to promise investors that autonomy is in the company's future even as financials deteriorate.

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Image courtesy of "pymnts.com"

Musk's Master Robotaxi Plan: Giving Tesla the Uber, Airbnb Treatment (pymnts.com)

Elon Musk wants to start a robotaxi ride-hailing platform based on a fleet of self-driving Teslas, but some observers are skeptical.

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Image courtesy of "Yahoo Canada Finance"

Tesla stock surges as EV maker will 'accelerate' the launch of ... (Yahoo Canada Finance)

Tesla said it would "accelerate" the launch of new models next year, including lower-cost cars, countering reports earlier this month it had scraped those ...

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Image courtesy of "Financial Times"

Tesla steers back towards cheaper cars (Financial Times)

Facing one of the worst stock slumps in Tesla's 14-year history, Elon Musk was under pressure this week to deliver a reassuring message to investors about ...

Tesla job retractions leave Chinese graduates in the lurch-Ecns.cn (ecns)

(ECNS) -- Many Chinese students nearing graduation have said on social media platforms that Tesla had retracted their job offers as the spring job hunting ...

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