Tesla Profits Tumble But Shares Rise On New Vehicle Plan
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Tesla profits tumble but shares rise on new vehicle plan
Tesla reported a big drop in quarterly profits Tuesday, pointing to elevated pressure on the electric vehicle market that has led to deep cost-cutting. But shares of Elon Musk's EV company rallied after Tesla signaled pledged to "accelerate" new more affordable autos -- something Wall Street analysts have been clamoring
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Tesla's new growth plan is centered around mysterious cheaper models
Tesla’s been undergoing some major changes, and now we have a sense of why: The company says it is upending its product roadmap because of “pressure” on EV sales. The new and accelerated plan now includes “more affordable models” that the company claims will be launched next year. Or if Tesla CEO Elon Musk is […] © 2024 TechCrunch. All rights reserved. For personal use only.
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Tesla lays off entire Supercharger and new vehicles teams, weeks after previous cuts
Rebecca Tinucci, Tesla's senior director of EV charging, will be leaving the automaker. Being shown the door alongside Tinucci will be all 500 members of the team that reported to her, writes The Information.Read Entire Article