Tesla reported a 9% drop in first-quarter revenue on Tuesday, the biggest decline since 2012, as the electric vehicle company weathers the impact of ongoing price cuts.
Here are the results.
Earnings per share: 45 cents adjusted vs. 51 cents per share expected by LSEG
Revenue: $21.30 billion vs. $22.15 billion expected by LSEG
Revenue declined from $25.17 billion a year earlier. Net income dropped 55% to $1.13 billion from $7.93 billion a year ago.
A livestream of the earnings call is scheduled for 5:30 p.m. ET.
Source: https://www.cnbc.com/2024/04/23/tesla-tsla-earnings-q1-2024-.html
