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Tesla, hammered by protests and plummeting sales, to report 1st quarter performance
Tesla will be releasing first-quarter financial results after the bell with the electric vehicle maker coping with sluggish sales and fallout from its CEO’s prominent role in the Trump administration.
Wall Street expects Tesla to report a profit of 41 cents per share, down slightly from the year-ago quarter. The company is expected to roll out a cheaper version of its best-selling vehicle, the Model Y SUV later in the year. Tesla has also said it plans to start a paid driverless robotaxi service in Austin, Texas, in June.
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