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After Tesla reported weaker-than-expected sales in the first quarter of 2024, CEO Elon Musk has taken several measures to maintain the company's leadership in the EV sector. However, these approaches seem to have achieved limited success and caused an unexpected setback.
For now, Tesla has avoided a major setback, but the days ahead will reveal whether the company's direction is sufficient to engineer a fundamental turnaround.
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CEO Elon Musk updated investors on the Tesla's new-product timeline, talks with a traditional automaker regarding self-driving technology, robotaxi plans and the company's humanoid robot.
Tesla No Longer Leaving In A Dream World After Income Drops 55% In First Quarter
After Tesla's big delivery miss this week, Motley Fool Asset Management's Shelby McFaddin tells Quartz what's going on with the electric car company's stock