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News@lemmy.worldEnglish · 1 day ago

Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates

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Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 1 day ago

Tesla's first-quarter earnings report lands as investors reckon with a steep slide in the company's stock price.

KEY POINTS

Tesla missed on the top and bottom lines in its first-quarter earnings report.
Automotive revenue plunged 20% from a year earlier.
The stock, down 41% so far this year, was little changed in extended trading.

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NotMyOldRedditName@lemmy.world
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17 hours ago
Tealas are the most American made car multiple years running.

On the earnings call they said something like 85% of the parts also come from North America which is far greater than other OEMs.

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