NEW DELHI: In a dampener for tens of millions of Tesla lovers in India, Elon Musk on Saturday stated he is not going to go to the nation subsequent week as earlier deliberate, because the billionaire faces “the second of fact” subsequent week when Tesla pronounces its quarterly outcomes amid destructive progress in China and big world layoffs.
The Tesla CEO has to handle 5 key points through the convention name on April 23, in accordance with the most recent report from main funding agency Wedbush Securities.
The 5 essential issues are: Methods to reverse destructive progress in China and pricing plans; present clear 2024 targets and monetary outlook; decide to launching Tesla Mannequin 2 alongside robotaxis growth; make clear AI initiatives and possession issues; and announce an AI day to stipulate technique and monetisation, in accordance with the report.
The earnings convention name is likely to be “one of the vital essential moments within the firm’s historical past.”
A extremely aggressive world EV market has altered Tesla’s narrative “from a Cinderella story to a horror present within the near-term,” stated Wedbush analysts.
“If Musk is flippant once more and there’s no grownup within the room on this convention name with no solutions then darker days are forward,” in accordance with the analysts.
The corporate has diminished 10 per cent of its workforce, or round 14,000 workers, globally.
Tesla has additionally shelved plans to develop a low-cost EV for round $25,000.
Earlier within the day, the billionaire posted on X that sadly, “very heavy Tesla obligations require that the go to to India be delayed”.
“However I do very a lot sit up for visiting (India) later this yr,” Musk added.
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