
Tesla Earnings: Elon Musk’s firm reports worst quarterly profit since 2021
Tesla’s $19.3 billion revenue was far below analyst forecasts of $21.3 billion.
Tesla’s $19.3 billion revenue was far below analyst forecasts of $21.3 billion.
Plunging Tesla shares in February shaved tens of billions off Elon Musk’s fortune. And Mark Zuckerberg became the world’s second richest person.
The EV company’s sales are tanking in all major markets as its Chinese rivals are surging. But Tesla’s problems are just beginning.
In what now amounts to the eighth recall in just 15 months since the Cybertruck was launched, nearly all examples of Tesla’s electric truck were recalled by U.S. safety regulators last week.
The EV maker is struggling as anti-Elon Musk sentiment sparks Tesla boycotts and protests. It’s not likely to happen, but who could step in if he relinquished the reins?
“I loudly urge Musk and the Board to step up, stop being silent, and help resolve this crisis forming at Tesla,” wrote Wedbush analyst Dan Ives.
The EV maker has been the single biggest part of his ever expanding fortune for years. No more, as Tesla’s stock comes crashing down.
Tesla stock had its best percentage gain in two months Wednesday, but some prominent Wall Street analysts are starting to sour on Elon Musk’s company.
President Donald Trump and Elon Musk appeared outside of the White House together so Trump could look at Teslas to purchase.
He claims the carmaker will be the most valuable AI company in the world thanks to the reams of video data collected by its cars. Is that really a competitive advantage?