Tesla profits tumble but shares rise on new vehicle plan
Wednesday, 24 April 2024 () New York (AFP) April 23, 2024
Tesla reported a big drop in quarterly profits Tuesday amid an increasingly cutthroat electric vehicle market, but shares rallied as CEO Elon Musk pledged to accelerate plans for a more affordable EV. Tesla reported profits of $1.1 billion, down 55 percent from the year-ago quarter on revenues of $21.3 billion, down nine percent as the company described EV sales as "under pressure." But
Elon Musk , Loses Appeal of , 'Twitter Sitter' Provision .
On April 29, the Supreme Court denied billionaire
Elon Musk's challenge to the terms of a Securities
and Exchange Commission agreement...
Credit: Wibbitz Top Stories Duration: 01:31Published
Welcome to Fan Reviews News. Tesla is issuing a recall due to an acceleration defect found in the Cybertruck. This defect can potentially cause unintentional vehicle acceleration, increasing the risk..
Tesla to Lay Off , Over 10% of Global Workforce.
In a memo obtained by Electrek, CEO
Elon Musk announced that at least 14,000 roles will be cut, 'The Guardian' reports. .
In a memo obtained by..
Credit: Wibbitz Top Stories Duration: 01:31Published
Wednesday, 24 April 2024 ()
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