Page 10 - Self Driving News Today

Teslas first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle makers revenue and profit margins.

Revenue was $21.3 billion, down 9% from last year as worldwide sales dropped nearly 9% due to increased competition and slowing demand for electric vehicles.

CEO Elon Musk says Tesla plans to build “affordable models” at the BEV maker's plants in China, Germany, California and Texas.

Tesla’s bad year got worse this week, with Elon Musk’s electric vehicle company reporting a staggering loss in earnings as EV sales plummet.

Breaking News, Sports, Manitoba, Canada

Faced with falling global sales and a tumbling stock price, Tesla has slashed prices again on some of its electric vehicles and its “Full Self Driving” system

Faced with falling global sales and a diving stock price, Tesla has slashed prices again on some of its electric vehicles and its Full Self Driving system in an apparent effort to boost the companys earnings growth.

Wall Street looks to the carmakers earnings for clues.

Tesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit margins. The Austin, Texas, company said it made

Tesla has slashed prices again on some of its electric vehicles and its “Full Self Driving” system in an apparent effort to boost the company's earnings...