US EditionTesla reports biggest revenue slide since 2012, announces renewed push for affordable model
- Tesla's first-quarter revenue was $21.3 billion, a 9% decrease from the previous year, attributed to global sales decline and competition.
- An arson attack at Tesla's German plant and factory restructuring for updated Model 3 sedan contributed to revenue drop and production delays.
- Tesla plans to introduce smaller, affordable models next year, including the anticipated $25,000 Model 2, with new generation features.
42 Articles
42 Articles
Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
Tesla's first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles.
Tesla reports 9 percent dip in first quarter revenue
Tesla saw a 9 percent year-over-year decline in first-quarter revenue, the electric vehicle (EV) company said Tuesday. The drop in revenue, Tesla’s largest since 2012, comes as the EV firm faces falling sales and growing competition. Tesla slashed the price of three of its best-selling vehicles — the Model X, Model Y and Model S…
Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. The Austin, Texas, company said it made $1.
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