Tesla (TSLA) CEO Elon Musk felt especially ambitious in the EV maker's firstquarter earnings call, weighing in on Tesla's timeline for an affordable EV and the outlook for developing its robotaxi service. Many on Wall Street are skeptical about Tesla's refocusing on nextgen products while engaging in a price war in China through price cuts on its vehicles.
Tesla missed its firstquarter earnings estimates, posting $21.3 billion in revenue and adjusted gains of $0.45 per share.
Autoblog EditorinChief Greg Migliore joins Yahoo Finance to lay out the criticisms Tesla is facing after its most recent earnings, calling investments into robotaxis "the graveyard of where automakers go to, maybe not die, but waste a lot of money." Migliore also points out how efficiently and effectively traditional automakers would be at rolling out an affordable electric vehicle in the time that it takes for Tesla to develop and release its own.
#news #Tesla #youtube

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, uptodate news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

Get the latest news and data at finance.yahoo.com

Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoofinance