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Tesla Profits Tumble But Shares Rise On New Vehicle Plan

Tesla Inc. Elon Musk Gadjo Sevilla electric vehicle

A Tesla car stands in front of the company's electric car plant in Gruenheide near Berlin, Germany, on March 13, 2024 (Credit: AFP)

Tesla reported a big drop in quarterly profits Tuesday, pointing to elevated pressure on the electric vehicle market that has led to deep cost-cutting.

But shares of Elon Musk's EV company rallied after Tesla signaled pledged to "accelerate" new more affordable autos -- something Wall Street analysts have been clamoring for.

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India’s ‘Cockroach’ party accuses government of mass detention of members ahead of weekend protest

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Houston Physician Indicted in Alleged $30 Million Scheme Billing Federal COVID Program for Office Visits That Never Happened

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Okaloosa Mandatory Evacuation Covers Zones A and B as Hurricane Isaias Threatens 5- to 7-Foot Storm Surge

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India’s ‘Cockroach’ party accuses government of mass detention of members ahead of weekend protest

India’s ‘Cockroach’ party accuses government of mass detention of members ahead of weekend protest

Thousands expected to march in Delhi on Saturday, as anger mounts over controversial changes to voter lists in world’s largest democracy

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Christa Pike is conscious and speaking after botched execution attempt, lawyers say

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Isaias strengthens into Category 2 hurricane; halts 63% of Gulf oil output, 1.3 mln barrels a day off market

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The Economic Times

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Houston Physician Indicted in Alleged $30 Million Scheme Billing Federal COVID Program for Office Visits That Never Happened

Houston Physician Indicted in Alleged $30 Million Scheme Billing Federal COVID Program for Office Visits That Never Happened

A Houston doctor faces fraud charges over an alleged $30 million scheme billing a federal COVID program for uninsured patients. What the case alleges.

Okaloosa Mandatory Evacuation Covers Zones A and B as Hurricane Isaias Threatens 5- to 7-Foot Storm Surge

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Okaloosa County ordered Zones A and B to evacuate as Hurricane Isaias nears. Shelter sites, special needs registration, and surge risks are explained.

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How Jim Bakker became the Johnny Carson of Christian TV

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