Enlarge / Tesla shares rose by almost 11 percent in premarket trading despite the disastrous financial results. (credit: CFOTO/Future Publishing via Getty Images) Tesla had a terrible first quarter of 2024, according to its financial results, posted yesterday. We already knew that it was a bad three months in terms of delivering cars—the automaker built tens of thousands of cars it couldn't sell as deliveries dropped by 8.5 percent, year on year.

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BING NEWS:
  • Elon Musk's plan for a cheap EV seems to have hit another major snag
    Tesla has reportedly pulled back on plans to develop a new "gigacasting" method that's intended to simplify manufacturing and cut costs.
    05/2/2024 - 1:28 am | View Link
  • Elon Musk just set Wall Street up for one of his classic head fakes
    There's only one person to blame for the company's shambolic state and only one person whose exit could save Tesla: Elon Musk. For the past ... If Tesla the company were a car, this is when ...
    04/27/2024 - 1:48 am | View Link
  • Elon Musk Just Got Much Richer From Tesla Stock's Historic Post-Earnings Bump
    Pictured is Musk. Tesla stock’s 11% rally to more ... The results featured a chilling 47% annual drop in profits to their weakest level in three years, but crucially included encouraging nuggets ...
    04/24/2024 - 2:50 am | View Link
  • Tesla profits drop 55% as Elon Musk dodges cheap car questions
    Tesla's net cash dropped by 90 percent during the first three months of this year, and its free cash flow has been wiped out, dropping 674 percent year over year. Meanwhile, its supply of ...
    04/24/2024 - 2:16 am | View Link
  • Tesla layoffs to save $1 billion annually, Elon Musk calls it ‘necessary’; affordable vehicles on the cards
    Elon Musk-owned Tesla on Tuesday reported a big drop in its quarterly profits amid cut-throat competition in the electric vehicle market and layoffs. The world's top EV maker made $1.13 billion ...
    04/24/2024 - 2:11 am | View Link
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