Tesla shares slid nearly 5% in after-hours trading Wednesday after several misses on Wall Street expectations in its third quarter earnings of 2023.
The report is the first released after Zachary Kirkhorn, the longtime chief financial officer of the electric vehicle company, stepped aside in August.
Many investor-submitted questions ahead of a call Wednesday afternoon concerned Tesla’s Cybertruck, which Elon Musk envisions as a futuristic super-vehicle.
Musk said in a July earnings call that the vehicle is still in “tooling” phase, but that it was on track for initial deliveries in 2023 and “high volume” distribution in 2024.
In the call with investors, Musk sought to “temper expectations” for the Cybertruck, saying that while the company is on schedule for production it will be a long road to profitability.
A trial began last month over a lawsuit alleging that the company knowingly sold defective cars that led to one man’s death.
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Tesla shares slid nearly 5% in after-hours trading Wednesday after several misses on Wall Street expectations in its third quarter earnings of 2023.
The report is the first released after Zachary Kirkhorn, the longtime chief financial officer of the electric vehicle company, stepped aside in August.
Many investor-submitted questions ahead of a call Wednesday afternoon concerned Tesla’s Cybertruck, which Elon Musk envisions as a futuristic super-vehicle.
Musk said in a July earnings call that the vehicle is still in “tooling” phase, but that it was on track for initial deliveries in 2023 and “high volume” distribution in 2024.
In the call with investors, Musk sought to “temper expectations” for the Cybertruck, saying that while the company is on schedule for production it will be a long road to profitability.
A trial began last month over a lawsuit alleging that the company knowingly sold defective cars that led to one man’s death.
The original article contains 696 words, the summary contains 151 words. Saved 78%. I’m a bot and I’m open source!