{"id":33134,"date":"2024-04-24T07:04:14","date_gmt":"2024-04-24T07:04:14","guid":{"rendered":"https:\/\/kede.com.br\/news\/tesla-brings-forward-new-models-as-profits-halve\/"},"modified":"2024-04-24T07:04:16","modified_gmt":"2024-04-24T07:04:16","slug":"tesla-brings-forward-new-models-as-profits-halve","status":"publish","type":"post","link":"https:\/\/kede.com.br\/news\/tesla-brings-forward-new-models-as-profits-halve\/","title":{"rendered":"Tesla brings forward new models as profits halve"},"content":{"rendered":"


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Earlier this month, it said it would shed 10% of its global workforce<\/a>. <\/p>\n

Figures for the first quarter of 2024 revealed revenues of $21.3bn, down on analysts’ predictions of just over $22bn. <\/p>\n

But the decision by Tesla to bring forward the launch of new models from the second half of 2025 boosted its shares by nearly 12.5% in after-hours trading. <\/p>\n

The EV maker did not reveal details on pricing of the new vehicles. <\/p>\n

Mr Musk will face investors in a conference call on details of the new models, possibly to include the Model 2 (a cheaper Tesla vehicle which Reuters reported had been shelved in April). <\/p>\n

However, the company has already been on a charm offensive, trying to win over new customers by dropping its prices in a series of markets in the face of falling sales. <\/p>\n

Tesla said its situation was not unique. <\/p>\n

“Global EV sales continue to be under pressure as many carmakers prioritize hybrids over EVs,” it said. <\/p>\n

Chinese models have also flooded the market and undercut Tesla’s price point, while still providing reliability.<\/p>\n

As a result its share price has fallen by around 40% since the start of this year.<\/p>\n

But Tesla has faced similar issues with its stock price in the past – falling as low as $113 in January 2023 – before it more than doubled.<\/p>\n

And that is not the end of Tesla’s troubles, after the car firm had to recall thousands of its new Cybertrucks over safety concerns.<\/p>\n<\/div>\n


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Earlier this month, it said it would shed 10% of its global workforce. Figures for the first quarter of 2024 revealed revenues of $21.3bn, down on analysts’ predictions of just over $22bn. But the decision by Tesla to bring forward the launch of new models from the second half of 2025 boosted its shares by […]<\/p>\n","protected":false},"author":1,"featured_media":33135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[56],"tags":[5600,5651,3461,2869,3890],"_links":{"self":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/33134"}],"collection":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/comments?post=33134"}],"version-history":[{"count":1,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/33134\/revisions"}],"predecessor-version":[{"id":33136,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/33134\/revisions\/33136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/media\/33135"}],"wp:attachment":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/media?parent=33134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/categories?post=33134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/tags?post=33134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}