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Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates (www.cnbc.com)
submitted 1 year ago by to c/teslamotors@lemmy.zip
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Tesla's first-quarter earnings report lands as investors reckon with a steep slide in the company's stock price.

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[–] 18 points 1 year ago (3 children)

Crazy that only 20%. I hope that this is just the start and it's 20% down per month every month.

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  • [–] 18 points 1 year ago (1 child)

    That's 20% after thoroughly cooking the books. My guess is that they are moving things around in hopes that there is a surge recovery in one of the upcoming quarters to cover the deltas

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  • [–] 1 point 1 year ago

    Between the nazicar getting free makeovers and a fair majority of them having to be towed after a really short period of time for something stupid that shouldn't have to be an issue if they were made correctly, I don't see their sales going up. It's getting to be not worth the risk for those weirdos to buy one.

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    • [–] 8 points 1 year ago (1 child)

    And of course TSLA is up 5% in after-hours trading.

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  • [–] 3 points 1 year ago*

    After hours is mostly bullshit. Big orders get pulled at market close and it will usually leave a fairly big spread. If some rando makes an after hours buy at market price, you are just seeing the lowest sell order which is usually way over-priced. The trade volume is usually going to be super low comparatively.

    Tesla may be a one-off because the price has tanked so hard and the overall market is hyper-volitile right now.

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    • [–] 2 points 1 year ago*

    Who could have ever predicted this!?

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