Tesla’s quarterly results, combined with recent impressive stock market gains for traditional car companies, were supposed to signal a repudiation of electric vehicles by investors as a whole. Things turned out a little differently, with the results repudiating something else: lousy strategic planning by Tesla and others. Tesla is no longer in growth mode.
Car maker Ford gets granular by reporting numbers for gas-powered vehicles, electric vehicles, and the Ford Pro commercial business.
Tesla's (TSLA) shares soared in the after-hours trading after the EV-maker doubled down on its promise of a mass-market electric car, squashing reports of cancellation.