Whether this ends up as a blip on the radar or the start of a downward trend is unclear
Tesla 's revenue fell nine percent year over year during the first quarter which is the worst drop since 2012. The stock price is down over 40 percent since the start of the year, but surged 14 percent after today's earnings call. Investors appear to be excited about new announcements about Tesla speeding up its goals surrounding future affordable models. In the wake of an earlier April announcement revealing an 8.
8B of capital expenditures in Q1. More Affordable EVs The comment about new products infrastructure is an important one because it gave Tesla fans—and apparently investors, as evidenced by the stock surge—reason to be excited, despite the negative financial news. In its updated deck, the automaker specifically highlighted its progress on new vehicles, including more affordable models.
Elon Musk Future Cars Reports Tesla Tesla Model 2
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