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22.04.26 - 23:30
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Tesla beats earnings expectations as Musk pivots automaker to AI and robots (The Guardian)
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While company reported positive cash flow and earnings of 41 cents a share, its missed its mark on reported revenueTesla reported its first-quarter earnings on Wednesday, disclosing better than expected results. The report slightly boosted the company's share price, which has limped along this year while its CEO, Elon Musk, has tried to sell the company's new vision of humanoid robots and self-driving robotaxis. Its core car business has struggled in the face of competition from Chinese counterparts and backlash against his close involvement with the Trump administration.“There remains significant effort and hard work to realize our mission of Amazing Abundance,” Tesla said in its report, while claiming that demand for its vehicles was rebounding. Continue reading......
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22.04.26 - 22:42
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Tesla′s Earnings Beat Expectations Amid Focus on Robotics, Driverless Cars (Bloomberg)
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Bloomberg's Steve Man breaks down Tesla earnings that beat expectations, sending the EV maker's stock up in the aftermarket. Tesla earnings.
The positive report comes as Tesla has been trying to ramp up sluggish sales in the US and Europe and as well as new production, turning its focus to robotics and self driving cars. (Source: Bloomberg)...
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