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News@lemmy.worldEnglish · 2 days 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 · 2 days 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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Cavemanfreak@lemm.ee
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1 day ago
Iirc basically all the board members and higher ups that get stock sell it off as soon as they get it. None of them have bought more for quite a while. So unfortunately it seems like they’ll float on.

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