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Barchart
Barchart
Sushree Mohanty

Tesla Says It Is Not on the ‘Ragged Edge of Death’ But It Needs AI and Robotics to Grow

Tesla Inc. Elon Musk

Tesla (TSLA) reported weaker-than-expected first-quarter results on Tuesday, April 22, falling short of analysts’ revenue and profit estimates as the electric vehicle (EV) market leader struggles with slowing demand and increasing competition. Tesla’s first-quarter results also showed the consequences of negative sentiment in some regions toward the Tesla brand, which stemmed in part from Elon Musk’s widely publicized government work with the Department of Government Efficiency (DOGE).

Valued at $765 billion, Tesla stock is down 38.6% year-to-date.

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