Tesla's Earnings Are Even More Brutal Than We Expected
Tesla has released its first-quarter earnings — and the numbers are even more brutal than we expected. The embattled carmaker missed analysts' expectations by a mile, reporting that net income had slid an astonishing 71 percent in the first quarter. The company's total revenue is down nine percent compared to the same period last year. Its car business in particular has felt the pain, with revenue falling 20 percent. The news comes after Musk has been widely criticized for dragging the EV maker's brand through the mud with his extremist views and disastrous slashing of government budgets with the help of […]
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