Tesla, Inc.'s Q1 results were much worse than expected, as revenues and earnings took a hit from the Model Y refresh. The company didn't offer any major update for new products, and deliveries for the year remain uncertain due to trade war concerns. TSLA remains in between growth waves now, but this quarter is expected to see some major developments for the company.
Steve Westley says Tesla (TSLA) still has a long road ahead following its earnings. A miss on the top and bottom line are just the beginning of its problems, as he believes it needs to prove its capabilities beyond being a car company.
Tesla CEO Elon Musk has a long history of making ambitious promises and often delivering late. Many of his biggest ideas are still in the works.
Tesla (TSLA) on Tuesday reported first-quarter results that missed analysts' expectations.
Tesla Inc (NASDAQ:TSLA) has reported underwhelming financial results for the first quarter, as largely expected by investors following weak vehicle deliveries for the period. Total revenue was down 9% year-over-year at $19.35 billion for Q1, compared to estimates of $21 billion.
Tesla's flailing sales figures have put the company closer to the red than it has been in years, according to financial results released Tuesday, threatening one of its biggest advantages over other EV players.
The auto maker's net income fell 71% in the first quarter.
Tesla's upcoming first-quarter earnings are pivotal due to opposing investor views on the company's near-term growth prospects.
This might be the most hyped Tesla earnings in recent memory. And not for all the right reasons.
Shares of the electric-vehicle (EV) company Tesla (TSLA 4.71%) traded nearly 5% higher, as of 2:26 p.m. ET today. The company will report its first-quarter earnings results after the market closes, followed by a conference call that will likely feature CEO Elon Musk.
Recovering quickly from Monday's sudden selloff, investors are driving a strong rebound in stock prices across markets on Tuesday.
Tesla (TSLA) is set to report first quarter earnings results on Tuesday after the closing bell on Wall Street. Harvest Portfolio Management chief investment officer Paul Meeks joins Morning Brief with Brad Smith and Madison Mills to outline his bearish view of Tesla stock and what he wants to hear from Elon Musk.