Tesla shares rise 6.5%, Musk says to cut back DOGE work

ReutersApr 23, 2025 6:17 AM

LONDON, April 23 (Reuters) - Tesla TSLA.F shares rose 6.5% in Frankfurt on Wednesday, after it reported profitability for its core auto business topped rock-bottom expectations in the first quarter, although it missed on other metrics such as revenue and net profit.

Traders were also digesting chief executive officer Elon Musk saying he would significantly cut back the time he devotes to the U.S. administration from next month and spend more time running his many companies.

Tesla shares TSLA.O traded up around 5% in after hours trading on Tuesday.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Coca-Cola Earnings Preview: Moat Remains Robust, Defensive Attributes Regain Investor Favor With AI Support

TradingKey - Coca-Cola (KO.US), the world’s largest beverage manufacturer, will release its first-quarter earnings report for fiscal year 2026 before the market opens on April 28. This marks the first quarterly results since new CEO Henrique Braun took office.

Amazon 2026 Q1 Earnings Preview: AWS and Advertising Dual Engines Power Ahead, Can They Allay Market Doubts?

TradingKey - U.S. e-commerce giant Amazon (AMZN) is scheduled to release its first-quarter 2026 financial results on April 29. According to the latest market consensus estimates from financial data platform FactSet, the company’s Q1 revenue is expected to reach $177.2 billion, up 13% year-over-year, while adjusted earnings per share (EPS) are projected at $1.63.

Is Meta Platforms Stock a Smart Buy Ahead of Q1 2026 Earnings? Unpacking AI Growth and Investment Potential

TradingKey - Understanding the future of Meta Platforms (META) means putting aside how people think of them today. Instead of defining them as "a social media site just trying AI," we should see them as "an AI advertising platform that so happens to own most of the world's popular social media appli

Is Tesla a Buy in 2026? Why AI and Robotaxis Now Define TSLA’s $1.5T Valuation

Discover why Tesla (TSLA) is decoupling from the EV market in 2026. Explore how AI, Robotaxis, and energy storage are redefining its $1.5 trillion valuation as it transitions from an automaker to a vertically integrated robotics and intelligence titan.

Google Bets $40B on Anthropic: Is Google Cloud the New Growth Engine as Meta Challenges Ad Dominance?

TradingKey - According to Bloomberg, Google will invest $10 billion in AI startup Anthropic, with a potential additional $30 billion in the future to strengthen their partnership. Under the agreement, Google Cloud will provide Anthropic with 5 gigawatts (GW) of computing power over the next five yea

Featured Tools