Tesla just released its Q1 2024 earnings report. You'll find more details on Tesla's financial situation for Q1 2024 right here.
Tesla just released its Q1 2024 earnings report. The electric automaker again turned a profit, which makes 18 quarters in a row in which Tesla has reported profitability. However, Tesla fell short of expectations regarding both profit per share and revenue. The rapid-fire price cuts on the Model 3 and Model Y seen last year and numerous price alterations this year took their toll on Tesla's bottom line. The main financial details from the Q1 2024 report are as follows: $ 21.
'We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025,' the company said. 'These new vehicles, including more affordable models, will utilize aspects of the next-generation platform as well as aspects of our current platforms, and will be able to be produced on the same manufacturing lines as our current vehicle lineup.
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