Tesla Stock Investors Just Got Good News From CEO Elon Musk, but Q1 Earnings Were a Disaster
Tesla (NASDAQ: TSLA) stock has declined 41% year to date, making it one of the 10 worst-performing companies in the S&P 500. Shares initially soared when Donald Trump won the presidential election in November. CEO Elon Musk spent over $250 million to support his campaign, so investors assumed Tesla would benefit under the Trump administration.However, the situation has backfired spectacularly. Musk's ties with Trump, and the time he has dedicated to the Department of Government Efficiency (DOGE), have made him a polarizing political figure. Meanwhile, tariffs on imported auto parts threaten to raise costs for Tesla at a time when the company has already seen demand nosedive.Tesla released its first-quarter earnings results after the market closed on Tuesday, April 22. The report itself was a disaster, but Musk gave investors some much-needed good news on the conference call. Here are the important details.Continue reading
Tesla (NASDAQ: TSLA) stock has declined 41% year to date, making it one of the 10 worst-performing companies in the S&P 500. Shares initially soared when Donald Trump won the presidential election in November. CEO Elon Musk spent over $250 million to support his campaign, so investors assumed Tesla would benefit under the Trump administration.
However, the situation has backfired spectacularly. Musk's ties with Trump, and the time he has dedicated to the Department of Government Efficiency (DOGE), have made him a polarizing political figure. Meanwhile, tariffs on imported auto parts threaten to raise costs for Tesla at a time when the company has already seen demand nosedive.
Tesla released its first-quarter earnings results after the market closed on Tuesday, April 22. The report itself was a disaster, but Musk gave investors some much-needed good news on the conference call. Here are the important details.
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