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Despite Q1 Miss, Tesla Stock Surges Premarket.

Benzinga LogoBenzinga1w ago

 Despite Q1 Miss, Tesla Stock Surges Premarket. - Benzinga

Quick Summary:

Mixed Performance: While the Elon Musk-led company missed expectations on both earnings and revenue for the third consecutive quarter, there were some bright spots. 

The core auto gross margin exceeded analyst estimates, possibly due to one-time recognition of revenue from deferred full self-driving (FSD) sales, according to Gary Black of Future Fund.

Tesla, Inc. (NASDAQ:TSLA) shares are surging in premarket trading on Wednesday after the electric vehicle maker released its first-quarter results.


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Article Details

Author / Journalist: Shanthi Rexaline

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-24 @ 11:05:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 243 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20778903

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About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 3 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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