Tag: elon

Posted on

Tesla Earnings Report: Revenue Fell to $21.3 Billion, Adding to Strategy Concerns

The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.
Tesla reported on Tuesday that it made significantly less money in the first three months of the year because of its tepid car sales, reinforcing concern among investors that the company led by Elon Musk is losing ground in the market for electric vehicles.
Profit fell 55 percent, to $1.1 billion, from the first quarter of 2023, the […]
Tesla Earnings Report: Revenue Fell to $21.3 Billion, Adding to Strategy Concerns

Posted on

Elon Musk Wouldn't Be the First Car Company Founder to Flame Out – The New York Times

Before there was Elon Musk, there was William Crapo Durant. Billy Durant, as he was known, built one of the world’s biggest makers of horse-drawn carriages, bought control of Buick, co-founded General Motors, was forced out of General Motors, co-founded Chevrolet, regained control of General Motors, speculated on stocks, lost control of General Motors a second time, started Durant Motors, went bankrupt in the Depression, opened a bowling alley, suffered a stroke and died penniless in […]
Elon Musk Wouldn't Be the First Car Company Founder to Flame Out – The New York Times