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Elon Musk Screams Free America Now As Telsa Makes Money
Apr. 30, 2020 9:41 AM ET by Jay Traugott Industry News / 24 Comments Tesla surprises with positive Q1 earnings report but Musk still isn't happy.
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Victoria Lopez 1 minutes ago
While most automakers have taken serious financial hits this business quarter, Tesla had some good n...
While most automakers have taken serious financial hits this business quarter, Tesla had some good news to report to investors. The EV automaker has released its financial results for the first quarter of 2020 and, surprisingly, things are looking good.
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Elijah Patel 6 minutes ago
Tesla announced it made $5.985 billion in revenue, reporting a profit of $0.09 per share. These figu...
Tesla announced it made $5.985 billion in revenue, reporting a profit of $0.09 per share. These figures met expectations in revenue and beat them for earnings. Tesla stock increased by 3 percent following the announcement.
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Sebastian Silva 8 minutes ago
Tesla also informed shareholders it's looking good financially and can weather the coronavirus s...
Tesla also informed shareholders it's looking good financially and can weather the coronavirus storm with $8 billion in cash on hand. Compared to Ford, which reported a $2 billion first-quarter loss while anticipating another $5 billion loss for the current quarter, Tesla is in very good shape. However, as Tesla revealed this positive financial news, CEO Elon Musk was making statements that have sparked some controversy.
Tesla Tesla Tesla https://twitter.com/elonmusk/status/1255644719469588480 On Wednesday, Musk wrote on Twitter:
"To say that they cannot leave their house and they will be arrested if they do, this is fascist. This is not democratic, this is not freedom, give people their god damn freedom." He then doubled down on that comment in response to a journalist tweeting his remarks with this response: "Hell yeah!!" This wasn't the first time Musk tweeted his frustration with the way authorities are handling the pandemic. On March 6, he wrote that "the coronavirus panic is dumb!"
That might have made some investors angry because soon afterward Tesla offered to donate ventilators to hospitals.
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Emma Wilson 12 minutes ago
But the coronavirus itself may not be the precise source of Musk's anger, but rather the fact th...
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Christopher Lee 6 minutes ago
The pandemic has also disrupted demand for new vehicles throughout the country. With unemployment co...
But the coronavirus itself may not be the precise source of Musk's anger, but rather the fact that it forced the closure of Tesla's Freemont factory in California. Tesla Tesla Tesla https://twitter.com/elonmusk/status/1255380013488189440 Like other automakers, Tesla had to shut down its production line and furlough employees.
The pandemic has also disrupted demand for new vehicles throughout the country. With unemployment continuing to increase in the midst of economic uncertainty, people are less likely to buy premium products, specifically vehicles. Despite the Tesla Model 3 having an affordable base price, it's still pricier than the average vehicle.
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Sophie Martin 1 minutes ago
With production grounded to a halt and decreased sales, it's no wonder Musk is frustrated, but s...
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Ava White 7 minutes ago
Elon Musk Screams Free America Now As Telsa Makes Money CarBuzz News Features New Cars Used Car...
With production grounded to a halt and decreased sales, it's no wonder Musk is frustrated, but stoking controversy may not be the best answer. Tesla Tesla Tesla Tesla
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Henry Schmidt 24 minutes ago
Elon Musk Screams Free America Now As Telsa Makes Money CarBuzz News Features New Cars Used Car...
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Evelyn Zhang 9 minutes ago
While most automakers have taken serious financial hits this business quarter, Tesla had some good n...