Emails Show Elon Musk Diverted A $500 Million Shipment Of Nvidia Chips Intended For Tesla To X Instead
Tesla's Stock Soars Amid Profit Plunge: Musk Unveils Plans For Robotaxis And Affordable EVs Tesla's first-quarter earnings report sparked significant movement in its stock, highlighting the company's ambitious plans despite a drop in profits. Here's a detailed look at Tesla's financial performance, Elon Musk's strategic announcements, and what this means for investors and the future of electric vehicles. Tesla's Mixed Earnings Report Tesla's first-quarter earnings, released on Tuesday after the closing bell, painted a mixed picture. The company reported earnings per share (EPS) that fell short of consensus forecasts but exceeded estimates for gross margin. This suggests that while profitability was down, the company managed to maintain a healthy profit margin on its products. Despite the lower-than-expected EPS, Tesla's stock surged over 10% in after-hours trading. This dramatic increase came as investors reacted positively to Elon Musk's forwa...