Tesla reported profits of US$1.1 billion, down 55 per cent from the year-ago quarter on revenues of US$21.3 billion, down nine per cent as the company described EV sales as “under pressure.”
But shares rocketed up more than 11 per cent in after-hours trading after Tesla pledged to “accelerate” new more affordable autos - something Wall Street analysts have been clamouring for.
Waiting Tesla 😀
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