MicroWave@lemmy.world to

News@lemmy.worldEnglish · 3 days ago

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

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

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 3 days ago

cross-posted to:
[email protected]

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.

Chat

GoodOleAmerika@lemmy.world
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1 day ago
Surprised it’s only 20%. Who the f is buying it.
- witten@lemmy.world
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  1 day ago
  Tesla profits are down 71% year-over-year, and the only reason they didn’t actually lose money is due to some carbon credit shenanigans.
  - ovalofsand@lemmy.world
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    1 day ago
    They’re being kept afloat by the government
- Baggie@lemmy.zip
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  1 day ago
  Gotta own the libs somehow I guess

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