Tesla's Q1 report: Revenue drops, but shares jump on Elon Musk's plan to launch new models


by New York Post

New York Post— The Musk-led firm’s revenue fell in the first quarter as it handed over fewer electric vehicles to customers due to slowing demand and intense competition worldwide.

The Independent—Elon Musk promises ‘more affordable models’ as Tesla revenue faces biggest drop since 2012. Cheaper vehicles could be stripped-down versions of older models

BBC News—Tesla shares jump after reports of Musk's China self-drive deal. A reported deal with Chinese search giant Baidu will help pave the way for a rollout of Tesla's self-driving technology.

CNBC—Tesla surges after Elon Musk says new affordable EV models coming. Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.