Tesla owner Elon Musk assured investors on Wednesday that sales of the company’s electric cars will increase this year. He also announced the production of cheaper electric cars. New vehicles would appear at the beginning of 2025, it says.
Will Tesla introduce new models? Elon Musk reassured investors, shares are up
Musk said that new Tesla models will be produced on existing production lines. However, the billionaire did not provide any details. It is not known whether these will be completely new models manufactured from scratch, or whether the company intends to sell modifications of existing vehicles. However, the information itself apparently reassured investors. Tesla shares rose nearly 12.5% on Wednesday. It is worth adding, however, that since the beginning of 2024, “securities” have fallen by 42%.
At the beginning of April, he wrote that Tesla was abandoning plans to create a new electric car for PLN 25,000. dollars. Elon Musk briefly stated on the X platform that “Reuters is lying.” Currently, the cheapest Tesla car in the United States is the Model 3. Its price is approximately PLN 39,000. dollars.
Tesla’s poor financial results
Tesla presented financial results for the first quarter of 2024. The company’s revenues decreased by approximately 9%. year on year to USD 21.30 billion (the market expected USD 22.15 billion). Net profit fell by 55%. to USD 1.13 billion compared to USD 7.93 billion a year earlier. Tesla’s revenues in the car segment amounted to $17.34 billion last quarter (a decrease of 13% year-on-year).
Source: Gazeta
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