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Search resuls for: "Tesla's cybertruck"


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The company is working on a semi-truck, a cyberpunk pickup, and a supercar, and Musk has mentioned several other potential projects. CybertruckTesla's Cybertruck Frederic J. Brown/AFPTesla made a splash when it unveiled the funky-looking Cybertruck pickup at an event 2019 — and not for all the right reasons. Tesla on YouTubeIn 2020, Musk said Tesla was working on a $25,000 car that would be available "about three years from now." He said sales of that future model will quickly dwarf all other Tesla vehicles combined. It's unclear whether Musk was referring to the same $25,000 car he mentioned before or the robotaxi.
Oct 20 (Reuters) - Tesla Inc (TSLA.O) said on Wednesday it expected to miss its vehicle delivery target this year, but downplayed concerns about softening demand after its revenue missed Wall Street estimates. But Tesla said some logistics challenges would persist, with fourth-quarter deliveries growing by less than 50% while production rose 50%. Register now for FREE unlimited access to Reuters.com Register"I wouldn't say we're recession proof, but it's certainly recession resilient," Musk said. Previously, Tesla had repeatedly said it was aiming for 50% growth this year from the 936,172 cars it delivered in 2021. Tesla is expanding fast despite global economic jitters, and investors are closely watching for signs that consumer demand is cooling as inflation surges and interest rates climb.
Oct 19 (Reuters) - Tesla Inc (TSLA.O) said on Wednesday it expected to miss its vehicle delivery target this year, but downplayed concerns about softening demand after its revenue missed Wall Street estimates. But Tesla said some logistics challenges would persist, with fourth-quarter deliveries growing by less than 50% while production rose 50%. Register now for FREE unlimited access to Reuters.com Register"I wouldn't say we're recession proof, but it's certainly recession resilient," Musk said. Previously, Tesla had repeatedly said it was aiming for 50% growth this year from the 936,172 cars it delivered in 2021. Revenue for the third quarter was $21.45 billion, a record but short of analysts' estimates of $21.96 billion, according to IBES data from Refinitiv.
But executives said some delivery issues would persist, with fourth-quarter deliveries tracking under 50% growth while production hit 50% growth. Tesla's revenue for the third quarter was $21.45 billion, a record but short of analysts' estimates of $21.96 billion, according to IBES data from Refinitiv. Tesla's market cap is now under $700 billion, while Apple is worth $2.3 trillion and oil producer Saudi Aramco is worth $2.1 trillion. Analysts had expected Musk to voice optimism about Tesla in the conference call. Tesla blamed challenges transporting vehicles, but some analysts were also concerned that demand may have softened.
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