Tesla Reports Decline in Quarterly Revenue
Tesla’s recent quarterly earnings report revealed a decline in revenue, with the company reporting a 3.43% decrease from the previous year. The reported earnings per share (EPS) for the quarter was $0.18 CAD, a decrease from $0.50 CAD in the same period last year.
Key Financial Metrics
- Revenue: decreased by 3.43% from the previous year
- Earnings per Share (EPS): $0.18 CAD, a decrease from $0.50 CAD in the same period last year
Factors Affecting Stock Price
- Competition from other electric vehicle manufacturers
- Challenges in the autonomous driving sector, including a recent lawsuit filed over the death of a Cybertruck crash victim
Company Plans and Initiatives
- Tesla is pushing forward with plans to launch a robotaxi service in Austin by June
- The robotaxi service could potentially boost the company’s stock price
Analyst Predictions
- One analyst is predicting a significant increase in Tesla’s stock price, with a predicted value of $325