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Tesla's 2024 Q1 earnings: A crossroad to where?
Tesla's Q1 2024 earnings results missed every metric, yet shares rose after the bell. Tesla reported a 9% decline in 24Q1 revenue, its larg Show More
Tesla's Q1 2024 earnings results missed every metric, yet shares rose after the bell.

Tesla reported a 9% decline in 24Q1 revenue, its largest annual decline since 2012. The company announced on April 15 that it was laying off 10% global workforce in response to the decline in deliveries. Shortly afterward, the company lowered the prices of several models, including the Model Y and Model 3, in several markets around the world.

Despite the drop in revenue, the company is working to enhance its AI infrastructure and expand its product line to accelerate the introduction of more affordable models and advanced autonomous driving technology.

DISCUSSION: Are you confident in Tesla's strategy in 2024?
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