Elon Musk Just Got Much Richer From Tesla Stock's Historic Post-Earnings Bump (2024)

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Elon Musk Just Got Much Richer From Tesla Stock's Historic Post-Earnings Bump (2024)

FAQs

Was Tesla earnings good? ›

There's very little good news in Tesla's Q1 earnings. Earnings per share and revenues both missed analyst expectations. Vehicle deliveries were at their lowest level since the third quarter of 2022. But in the after-hours market, shares of TSLA stock quickly soared by more than 8%.

Why is Tesla stock up? ›

Tesla shares zoomed higher in early trading, despite the automaker reporting dismal first-quarter earnings on Tuesday. Investors took heart after Chief Executive Elon Musk said Tesla was accelerating the launch of new cars, including vehicles that would sell at more affordable prices.

Who owns Tesla stock? ›

The ownership structure of Tesla (TSLA) stock is a mix of institutional, retail and individual investors. Approximately 31.40% of the company's stock is owned by Institutional Investors, 13.65% is owned by Insiders and 54.95% is owned by Public Companies and Individual Investors.

What companies is Elon Musk CEO of? ›

Musk is the CEO of Tesla, which he stated this week is on track to produce new, more affordable electric cars even as revenue dipped year over year.

Is Tesla making a profit now? ›

Tesla ended Q4 2023 with a net income of $7.9 billion and the full year with $15 billion in profits. While Elon Musk's company more than doubled its earnings between 2021 and 2022, this past year's growth was limited partly due to price reductions.

Why did Tesla make so much money? ›

Key Takeaways

Tesla makes, sells, and services all-electric vehicles in the U.S., Europe, and China. It also sells energy generation products. The company gets the vast majority of its revenue and all of its profits from automotive sales. Tesla is experiencing rapid growth in China.

Is Tesla stock a buy or sell? ›

The average rating score is and is based on 45 buy ratings, 32 hold ratings, and 16 sell ratings. What was the 52-week low for Tesla stock? The low in the last 52 weeks of Tesla stock was 138.80. According to the current price, Tesla is 121.74% away from the 52-week low.

What's going on with Tesla? ›

Musk is stepping up efforts globally for wider adoption of Tesla's “Full Self-Driving,” or FSD, software feature after a dismal start to the year for the world's most valuable automaker, which saw its first-quarter profit drop to its lowest level since 2021.

Does Tesla pay a dividend? ›

Does Tesla pay a dividend? Does it plan to? Tesla has never declared dividends on our common stock. We intend on retaining all future earnings to finance future growth and therefore, do not anticipate paying any cash dividends in the foreseeable future.

Who owns the biggest share of Tesla? ›

Musk, who is Tesla's largest individual shareholder with a 13% stake, grew more than $10 billion wealthier Wednesday morning thanks to the stock market gain, by far the biggest gain of any billionaire, according to Forbes' real-time tracker.

Who owns the most Amazon stock? ›

Founder and former CEO Jeff Bezos is the largest Amazon shareholder, with more than 937 million shares, which represent a stake of about 9% in the company. Bezos' shares are worth an estimated $166 billion.

Who owns NVDA stock? ›

The ownership structure of Nvidia (NVDA) stock is a mix of institutional, retail and individual investors. Approximately 39.13% of the company's stock is owned by Institutional Investors, 3.98% is owned by Insiders and 56.89% is owned by Public Companies and Individual Investors.

Who is the CEO of Tesla? ›

Tesla CEO Elon Musk, one of the world's richest people, arrived in China for a visit on Sunday, state media said.

Has Tesla ever had a profitable year? ›

Net income attributable to Tesla's common stockholders was nearly 15 billion U.S. dollars, while net loss related to noncontrolling interests amounted to 23 million U.S. dollars in 2023. This was the fourth year the company turned a full-year profit, after reaching that goal in 2020.

Why did Tesla miss earnings? ›

Tesla reported a 9% drop in first-quarter revenue on Tuesday, the biggest decline since 2012, and missed analysts' estimates, as the electric vehicle company weathers the effect of ongoing price cuts.

What to expect for Tesla earnings? ›

Analysts project Tesla's revenue to come in at $22.25 billion for the first quarter of 2024, down from the previous quarter and year-ago period, according to estimates compiled by Visible Alpha.

Has Tesla ever missed earnings? ›

Tesla reported its first quarter adjusted earnings plunged 48%, falling short of lowered Wall Street forecasts, but it assured investors that it plans to move ahead with a cheaper model due out next year. The company reported a 9% drop in total revenue, which also missed analyst estimates.

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