Remove Affordable Remove Blog Remove News Remove Tesla
article thumbnail

LIVE BLOG: Tesla Q1 2024 earnings call

Teslarati

Tesla’s ( NASDAQ:TSLA ) Q1 2024 earnings call comes on the heels of the company’s Q1 2024 Update Letter , which was released after the closing bell on Wednesday, April 23, 2024. Tesla posted total revenues of $21.3 Tesla also posted $1.2 He thanks the company and his peers in the Tesla executive team for the experience.

Tesla 108
article thumbnail

Maybe Tesla Didn't Cancel the Affordable EV After All, Or Did It?

The Truth About Cars

Following Tesla has always been a whiplash-inducing experience. The will they, won’t they themes continue in 2024, as the automaker recently reversed its reported decision to nix affordable EV plans, though the flip appears related to less-than-stellar first-quarter performance. billion, and revenue tumbled nine percent.

article thumbnail

Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

Affordable EVs seem to be a nut that no automaker can crack, as every promise of a “sub-$30,000” model or similar has fallen through in favor of higher prices. It now seems that Tesla is following suit, despite repeated promises that it would develop a mass-market EV at a reasonable price. Image: Tesla] Become a& TTAC insider.

article thumbnail

Ford Plans Affordable EV Models and Promises Profitability

The Truth About Cars

Farley noted that company executives are aware of buyers’ desire for more affordable EVs, noting Ford’s recent price cuts on the Mustang Mach-E, which gave the SUV a striking sales bump. CEO optimism is nothing new, as it’s often the only thing propping up companies’ stock prices. Image: Ford] Become a& TTAC insider.

article thumbnail

LIVE BLOG: 2023 Tesla Investor Day

Teslarati

From Elon Musk’s Master Plan Part 3, details on the company’s third-generation platform, and discussions on how Tesla could each extreme scale, Investor Day promises to be an event that is one for the books. In past comments, the CEO noted that the “investors” Tesla is referring to in the event are pretty much all life on Earth.

Tesla 124
article thumbnail

Tesla Finally Appears to Make Moves Toward Building Affordable EV Model

The Truth About Cars

The long-rumored affordable, entry-level Tesla is almost here – maybe. Tesla reportedly alerted suppliers that it would start building a mass-market compact crossover in the middle of 2025, which would become one of the most affordable electric models on sale if it becomes a reality.

article thumbnail

Report: Tesla To Build Fabled Affordable Electric Car in Germany

The Truth About Cars

New reports state that Tesla is working toward an affordable EV model and note that it will produce the vehicles at its German location near Berlin. As these things tend to go with Tesla, the information came from an unnamed source, as reported by Automotive News. We’re back here again.