Tesla's revenue in the first quarter failed to meet expectations, with revenue of 21.3 billion US dollars and adjusted earnings per share of 0.45 US dollars.
Elon Musk, CEO of Tesla, was particularly ambitious in the first quarter earnings conference call of the electric car manufacturer. He weighed the timetable for Tesla to launch affordable electric cars and the prospect of developing its robot taxi service. Many people on Wall Street are skeptical about Tesla's renewed focus on the next generation of products, while at the same time fighting price wars in China through car price reduction.
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