Danni Hewson: AJ Bell financial advisor on Tesla experiencing historic revenue drop
Heather du Plessis-Allan Drive · Newstalk ZB
April 24, 20244m 55s
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Show Notes
New reports show Tesla is experiencing a steep decline in profits and revenue - but the company's shares jumped 10 percent.
The electric vehicle manufacturer posted a lower-than-expected $21.3 billion in revenue and 55 percent decline in profit from the first quarter of 2023.
AJ Bell financial advisor Danni Hewson says investors believe CEO Elon Musk aims to focus more attention on Tesla, with more projects in the pipeline.
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Topics
businessmoneyTeslarevenueprofit