Tesla Stock Investors: Elon Musk Expects 99% Market Share in This Trillion-Dollar Industry
Tesla (NASDAQ: TSLA) reported dismal financial results in the first quarter. Every metric of consequence -- deliveries, revenue, operating margin, and earnings -- declined as the company lost market share across China, Europe, and the United States.But CEO Elon Musk still had good news for shareholders on the earnings call. Tesla is on track to launch its first robotaxi service in Austin, Texas, by June, and Musk predicted the company would eventually have "99% market share or something ridiculous."Here's what investors should know.Continue reading
Tesla (NASDAQ: TSLA) reported dismal financial results in the first quarter. Every metric of consequence -- deliveries, revenue, operating margin, and earnings -- declined as the company lost market share across China, Europe, and the United States.
But CEO Elon Musk still had good news for shareholders on the earnings call. Tesla is on track to launch its first robotaxi service in Austin, Texas, by June, and Musk predicted the company would eventually have "99% market share or something ridiculous."
Here's what investors should know.
