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Tesla's Cheaper 4680 Battery Cells Are on the Horizon

Tesla's Vice President of Vehicle Engineering confirms the company aims to make its 4680 battery cells cheaper than suppliers.

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Tesla's Annual EV Production Capacity Is Set To Reach Almost 3 Million Units

Tesla's Annual EV Production Capacity Is Set To Reach Almost 3 Million Units
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Tesla profits drop 55%, company says EV sales 'under pressure' from hybrids

Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and "several unforeseen challenges" cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023. Tesla reported operating income of $1.2 billion in the first quarter, a 54% decrease from the same year-ago period.

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Tesla posts Q1 results with declined revenue

Tesla posts Q1 results with declined revenue
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Tesla posts Q1 results with declined revenue-Xinhua

Tesla posts Q1 results with declined revenue-Xinhua
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Tesla Calls Itself an AI, Robotics Company as Profits Plunge 55%

As profits dropped 55%, CEO Elon Musk says Tesla is about robots, AI, robotaxis, cheaper EVs, and anything that supports the Tesla ecosystem. 

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Tesla Continues Downward Trend with 55% Profit Drop

Leading EV manufacturer Tesla continues to lose sales, with another profit drop of as much as 55%. Tesla's profits are reportedly down 55% due to competition, and its price-cutting strategy finally caught up with that of the automaking giant.

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Elon Musk Expects Tesla Vehicle Sales Growth In 2024

Elon Musk Expects Tesla Vehicle Sales Growth In 2024
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