Tesla earnings a 'moment of truth' for Musk after stumbles
==========
Tesla is facing heightened pressure with its first-quarter earnings report to reassure investors that recent setbacks are temporary. The electric car maker experienced a disappointing 8.5% drop in first-quarter deliveries and announced plans to lay off more than 10% of its staff. Tesla also faced a setback with a recall of its Cybertruck due to an acceleration problem. Speculation has arisen that the company is shelving plans for the 'Model 2,' a mass-marketed, lower-priced vehicle. Analysts are calling Tuesday's earnings report a 'moment of truth' for Tesla and CEO Elon Musk. Investors are seeking more clarity about the company's strategy and are concerned about the decline in deliveries and the delay of the Model 2. Wall Street has grown skeptical of Tesla's explanations for its disappointing deliveries and analysts are becoming more critical of the company's financial picture. Deutsche Bank downgraded Tesla to a 'hold' and expressed concerns about the delay of the Model 2 and the execution risk of the Robotaxi technology. The earnings report is considered one of the most important moments in the company's history.
#Tesla #ElonMusk #ElectricCarIndustry #EarningsReport #Setbacks #Deliveries #Layoffs #Recall #Model2 #Robotaxi #WallStreet #DeutscheBank
https://www.tuko.co.ke/business-economy/545777-tesla-earnings-a-moment-truth-musk-stumbles/
Tuko.co.ke /
npub15yg…zncw
2024-04-23 04:26:50
Author Public Key
npub15ygdhawp2prr6xlzleujfs0hy9g3yvzgzv6pj49afh5sf5q8tfcqdjzncwPublished at
2024-04-23 04:26:50Event JSON
{
"id": "619aeb7cabbd8595e1635cf770b91ed7ee43a74f388770fd6be830867139d49d",
"pubkey": "a110dbf5c150463d1be2fe7924c1f7215112304813341954bd4de904d0075a70",
"created_at": 1713839210,
"kind": 1,
"tags": [],
"content": "Tesla earnings a 'moment of truth' for Musk after stumbles\n==========\n\nTesla is facing heightened pressure with its first-quarter earnings report to reassure investors that recent setbacks are temporary. The electric car maker experienced a disappointing 8.5% drop in first-quarter deliveries and announced plans to lay off more than 10% of its staff. Tesla also faced a setback with a recall of its Cybertruck due to an acceleration problem. Speculation has arisen that the company is shelving plans for the 'Model 2,' a mass-marketed, lower-priced vehicle. Analysts are calling Tuesday's earnings report a 'moment of truth' for Tesla and CEO Elon Musk. Investors are seeking more clarity about the company's strategy and are concerned about the decline in deliveries and the delay of the Model 2. Wall Street has grown skeptical of Tesla's explanations for its disappointing deliveries and analysts are becoming more critical of the company's financial picture. Deutsche Bank downgraded Tesla to a 'hold' and expressed concerns about the delay of the Model 2 and the execution risk of the Robotaxi technology. The earnings report is considered one of the most important moments in the company's history.\n\n#Tesla #ElonMusk #ElectricCarIndustry #EarningsReport #Setbacks #Deliveries #Layoffs #Recall #Model2 #Robotaxi #WallStreet #DeutscheBank\n\nhttps://www.tuko.co.ke/business-economy/545777-tesla-earnings-a-moment-truth-musk-stumbles/",
"sig": "43eb683ccd26750356d797917f1a3bf9326386a2b2ac770a0a3d37c8f6587937e97b29845589d630b6bf964fcbfaeb420e889c8b8685387d2dc9a0f908517411"
}