US EditionElon Musk’s time is the latest DOGE casualty as Tesla stock tanks
- Tesla reported a revenue of $19.3 billion for the first quarter, which is a drop of 9% from the same period last year.
- Tesla's vehicle deliveries for the first quarter were 323,800, down from 386,810 a year ago, reflecting weak demand.
- CEO Elon Musk revealed a nearly 20% drop in automotive revenue during the earnings call, noting Tesla's need for increased focus on its core business.
- Musk reassured shareholders that despite the weak quarter, Tesla has faced tougher challenges and remains stable.
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UpstractWith Tesla Earnings Down, Musk Says His Time at DOGE Will 'Drop Significantly'
·Arlington, United States
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IBM Earnings On Deck. AI Push, 'Safe-Haven' Status, DOGE Cuts In Focus.
IBM stock was gaining in trades ahead of its Q1 report. Some analysts expect the tech giant's shares will be seen as a "safe haven." The post IBM Earnings On Deck. AI Push, 'Safe-Haven' Status, DOGE Cuts In Focus. appeared first on Investor's Business Daily.
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