Some production lines are running at only a fraction of their previous capacity, while staffing levels have been significantly reduced, sources told Business Insider.
Tesla Inc (NASDAQ:TSLA) will report its first quarter earnings next week, with the electric vehicle maker expected to report declines in revenue and profits due to production challenges and softening demand. The company is expected to report earnings per share of $0.43 on revenue of $21.81 billion, down from $0.74 and $27.2 billion for the fourth quarter of 2024.
With electric car maker Tesla (TSLA -5.06%) going from growing its vehicle deliveries at rates of around 50% annually as recently as 2022, to about flat sales growth in 2024 and declining sales to start the year in 2025, many investors are likely still trying to figure out how to value the automaker. Making it more difficult, Tesla management says the company is in between two major growth wave...
Tesla is reducing Cybertruck production and reallocating some staff to Model Y lines, workers say. Tesla has delivered fewer than 50,000 Cybertrucks, according to a March 20 recall.
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