Tesla earnings overnight. Down strongly in after market trade.
Some positives:
- As for its other vehicles, Tesla said Cybertruck production more than tripled compared to Q1, and the vehicle is on track to "achieve profitability" by the end of the year. Tesla said its Semi factory is also on track to begin production by the end of 2025
- Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025. These vehicles will utilize aspects of the next generation platform as well as aspects of our current platforms and will be able to be produced on the same manufacturing lines as our current vehicle line-up,
- On the conference call, Musk said the company would reveal its robotaxi on October 10th (although this is a delay from the original August date
Tesla stock slides after company reports mixed Q2 results, says 'affordable' EVs on track for 2025 debut (yahoo.com)
Tesla earnings overnight. Down strongly in after market...
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