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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. The company also posted non-GAAP earnings per share of $0.45 He thanks the company and his peers in the Tesla executive team for the experience.

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Ford Plans Affordable EV Models and Promises Profitability

The Truth About Cars

CEO Jim Farley recently confirmed that the company would purse sub-$30,000 electric models with its next-generation product line, and said that its existing models would become better in the meantime. CEO optimism is nothing new, as it’s often the only thing propping up companies’ stock prices.

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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.

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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. CEO Elon Musk has been beating the affordable EV drum for a while, telling investors in January that the car would enter production in Texas as soon as late 2025.

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LIVE BLOG: Tesla 2023 Cyber Roundup (Annual Shareholder Meeting)

Teslarati

In the first quarter, the company produced over 440,000 vehicles and delivered over 422,000 vehicles. That’s a new record, though it was one that was achieved following notable price cuts to the company’s vehicle lineup. 16:49 CT – A Tesla shareholder asks if the company could have a public-facing timeline for FSD.

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LIVE BLOG: 2023 Tesla Investor Day

Teslarati

Elon Musk has emphasized that Investor Day is really a lot bigger than the company’s shareholders. Following is a Live Blog of Tesla’s 2023 Investor Day. 18:41 CST – Elon Musk noted that one thing that for the vast majority of people, things are affordability driven. Affordability is what matters,” Musk said.

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Honda Backing Out of Affordable EV Deal With GM

The Truth About Cars

It initially announced plans to work with GM and others to develop smaller, more affordable electric crossovers, but the company recently confirmed that it was stepping away from that initiative due to shifting business priorities. GM and Honda will search for a solution separately. Image: Honda] Become a& TTAC& insider.