Results for: Quarterly Results

Tesla, the electric vehicle giant, has reported a significant downturn in its quarterly profits and revenue. However, its share price rallied after CEO Elon Musk announced plans to accelerate the development of a more affordable electric vehicle. The company’s net profit for the first quarter ending March 2024 fell by 55% to $1.13 billion, while revenue declined by 9% to $21.3 billion. Tesla attributed the decline to an intensifying electric vehicle market and described EV sales as being ‘under pressure.’ Despite the setbacks, investors reacted positively to the company’s announcement of plans to expedite the launch of new, more affordable models and to reduce vehicle prices in major markets around the world.

Gene Munster, Managing Partner at Deepwater Asset Management, provided his insights on Tesla’s quarterly results during a segment on CNBC’s ‘Fast Money’ program. Munster discussed the company’s strong performance, its ongoing challenges, and his outlook for the future.

Lourenco Goncalves, CEO of Cleveland-Cliffs, joined ‘Closing Bell Overtime’ to discuss the company’s quarterly results, share buybacks, and provide insights on the U.S. Steel-Nippon deal. He also shared his thoughts on the overall steel industry landscape.

Cleveland-Cliffs CEO Lourenco Goncalves appeared on ‘Closing Bell Overtime’ to discuss the company’s quarterly results, share buybacks, and the U.S. Steel-Nippon deal. Here’s a summary of the key points covered:

In an interview with ‘Closing Bell Overtime’, Susquehanna International Group’s senior analyst, Christopher Rolland, provides valuable insights into the recent quarterly results of Texas Instruments. Rolland’s expert analysis sheds light on the company’s financial performance, market trends, and future prospects.

Garrett Nelson, a senior equity research analyst at CFRA, provides his expert analysis ahead of Tesla’s highly anticipated quarterly earnings report, which is expected to be released after market close today.