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News@lemmy.worldEnglish · 1 day ago

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

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586

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

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 1 day 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.

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Cornelius_Wangenheim@lemmy.world
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23 hours ago
They’ll never do that because 95% of the company’s value is based on Elon’s hype and bs. If it was valued like the normal car company it is, the share price would be maybe $10

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