megawaysfreespinsnodeposit| Tesla fell sharply again, quarterly profit and sales fell short of expectations

thematicmegawaysfreespinsnodepositTesla reported revenue and profit fell short of expectations in the first quarter, but said it accelerated the launch of cheap models and rose more than 8% after hours

Tesla reported weaker revenue and profits than expected for the third consecutive quartermegawaysfreespinsnodepositSlowing demand for electric vehicles has put pressure on performance.

In the first three months of the year, Tesla's adjusted earnings per share were 45 cents, compared with Wall Street's forecast of 52 cents.

Revenue fell to $21.3 billion, in line with the first year-on-year decline in deliveries since 2020, and analysts expected sales of $22.3 billion.