Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates
Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates
www.cnbc.com Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates
Tesla's first-quarter earnings report lands as investors reckon with a steep slide in the company's stock price.
KEY POINTS
- Tesla missed on the top and bottom lines in its first-quarter earnings report.
- Automotive revenue plunged 20% from a year earlier.
- The stock, down 41% so far this year, was little changed in extended trading.
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Yeah 20%
WINK
...let's go for a 3521% drop in revenue!..
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