The One sentence from Elon Musk that made investors happiest during Tesla earnings call

Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his attention on the electric automaker. The company’s investors welcomed CEO Elon Musk’s promise to shift his focus back to Tesla after months of political involvement, but persistent concerns over brand damage and a sharp profit decline signal a challenging road ahead. Tesla shares surged nearly 8% on Wednesday, April 23, poised to add over $50 billion to its $766 billion market valuation. The move comes after Tesla reported a 71% drop in first-quarter profits and a 9% revenue decline, underscoring the urgency of Musk’s renewed commitment.

Elon Musk’s Happiest Sentence

Read more

You may also like

Comments are closed.

More in IT