Tesla profits drop 55%, company says EV sales ‘under pressure' from hybrids TechCrunchTesla shares jump 11% after Musk says company aims to start production of affordable new EV by early 2025 CNBCCheaper Teslas are arriving sooner than planned Business InsiderTesla Earnings Fall To Lowest Since 2021. Tesla Stock Surges Late On 'Affordable' EV. Investor's Business DailyTesla profits dropped 55%. Elon Musk is still optimistic NPR
Tesla's sales are down. It's slashing car prices and laying off staff. Yet CEO Elon Musk remains bullish on a future that's self-driving and battery-powered.