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Published 10 days ago

Tesla reports biggest revenue slide since 2012, announces renewed push for affordable model

  • Tesla's first-quarter revenue was $21.3 billion, a 9% decrease from the previous year, attributed to global sales decline and competition.
  • An arson attack at Tesla's German plant and factory restructuring for updated Model 3 sedan contributed to revenue drop and production delays.
  • Tesla plans to introduce smaller, affordable models next year, including the anticipated $25,000 Model 2, with new generation features.
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The GuardianThe Guardian

Tesla sees biggest revenue drop since 2012 but company shares still surge

Shares are up despite a revenue decline of 9% after company said it expects to release new vehicle models sooner than expected

10 days ago·London, United Kingdom
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The IndependentThe Independent

Tesla profits down 55 per cent amid job losses, delivery issues and Cybertruck recall

Tesla has announced a 55 per cent year-on-year fall in profits in the first quarter, down to $1.1bn.

10 days ago·London, United Kingdom
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Associated Press NewsAssociated Press News

Tesla's first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits

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. The Austin, Texas, company said it made

11 days ago·United States
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CNBCCNBC

Tesla shares jump 13% after Musk says company aims to start production of affordable new EV by early 2025

Tesla reported disappointing earnings and revenue, but the stock rose on optimism that a new affordable EV model could enter production sooner than expected.

10 days ago·United States
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The HillThe Hill

Tesla reports 9 percent dip in first quarter revenue

Tesla saw a 9 percent year-over-year decline in first-quarter revenue, the electric vehicle (EV) company said Tuesday.  The drop in revenue, Tesla’s largest since 2012, comes as the EV firm faces falling sales and growing competition.  Tesla slashed the price of three of its best-selling vehicles — the Model X, Model Y and Model S…

10 days ago·Washington, United States
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BloombergBloomberg

Tesla Speeds Plan For Cheaper Cars, Calming Fears Over Strategy

Tesla Inc. is accelerating the launch of less-expensive cars in a bid to revive sagging demand following another disappointing quarter.

10 days ago·United States
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