Edited By WION Video Desk
Published: Apr 24, 2024, 05:40 IST | Updated: Apr 24, 2024, 05:40 IST
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World Business Watch Apr 24, 2024, 05:40 IST
Tesla stock falls more than 40%, lowest since 2023
Tesla's first-quarter earnings report painted a concerning picture. Net income plummeted 55% year-over-year, and revenue dipped by 9%. However, CEO Elon Musk offered a glimmer of hope by announcing an accelerated production timeline for new, affordable electric vehicles. This news sparked a surge in the stock price after-hours.
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