By TOM KRISHER and DAVID HAMILTON (AP Business Writers) 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 $1.13 billion from January through March compared with $2.51 billion in the same period a year ago. Investors and analysts were looking for some sign that Tesla will take steps to stem its stock’s slide this year and grow sales.

BING NEWS:
  • Tesla, Inc. (TSLA)
    Julie Hyman and Josh Lipton talk the biggest stock market stories and receive ... Winton argues that "the real story" lies in the company's potential to deliver on its robotaxi ambitions.
    07/23/2024 - 5:00 am | View Link
  • Tesla Inc.
    Market Capitalization Reflects the total market value of a company. Market Cap is calculated by multiplying the number of shares outstanding by the stock's price. For companies with multiple ...
    07/18/2024 - 3:38 am | View Link
  • Tesla Growth and Production Statistics: How Many Vehicles Are Sold Across the Globe?
    The prototype for the Tesla Roadster, the company’s first electric car, was unveiled in 2006 and entered production in 2008 ... Want to buy Tesla stock? 🚘📈 In the fourth quarter of ...
    07/2/2024 - 12:59 pm | View Link
  • Elon Musk’s Net Worth Jumps $10 Billion As Tesla Stock Rallies
    Tesla shares jumped to just under $229 as of around 11:30 a.m., adding to the company’s nearly 25% rally since the stock price fell below $183 on June 24. The value of Musk’s roughly 12% stake ...
    07/2/2024 - 4:39 am | View Link
  • China's BYD posts 21% jump in quarterly EV sales, closes gap with Tesla
    Tesla has hit a speed bump after years of rapid growth that helped make it the world's most valuable automaker. It warned in January that deliveries growth in 2024 would be "notably lower" as a ...
    07/2/2024 - 3:03 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News