Reported 1 day ago
Tesla reported disappointing Q1 earnings, with revenue below expectations, but saw a 5% stock increase after CEO Elon Musk announced he would reduce his involvement with the Department of Government Efficiency to devote more time to Tesla. Amidst challenges like competitive EV markets and potential auto tariffs, Musk emphasized plans for new affordable vehicles and robotaxi production, while the company acknowledged uncertainty affecting sales.
Source: YAHOO