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.
  • ByteJunk@lemmy.world
    2·
    6 hours ago

    I’m in the exact same boat, I considered buying a Tesla in a distant past, but the quality issues held me back. Dodged a bullet there, won’t touch one with a 10 foot pole to save my life now.

    But there’s many out there who don’t care or have short memories, and the richest man in the world can sure as hell afford all the PR he needs to wash away all the dirt, if he shuts up and goes back to running companies…

    My guess is Tesla will have grown their revenue by this time next year. Or you could be right and it goes up in flames, guess we’ll find out at some point…