Tesla faces Q1 report with falling sales figures
Tesla $TSLA (+10,24 %) will publish its eagerly awaited Q1 report on Tuesday after the close of trading. Hanging in the air is the question of how CEO Elon Musk and the future of the cheaper electric vehicle are faring. The share has lost around 44% of its value since the start of the year, which is raising eyebrows. At a time when the S&P 500 is perilously close to the bear market threshold and the technology-oriented Nasdaq is already in the bear market zone, expectations for Tesla are particularly high. Trump's trade war tariffs are putting pressure on the automotive industry, and Tesla is not immune.
According to Bloomberg, sales are expected to reach 21.43 billion euros, which is slightly higher than the previous year's figure of 21.3 billion euros. Analysts are pinning their hopes on adjusted earnings per share of 0.44 euros, which corresponds to an adjusted net profit of 1.57 billion euros. However, there are major concerns about demand in the automotive business, as Tesla only delivered 336,681 vehicles in the first quarter - lower than the estimated 390,342 and the weakest quarterly performance since the second quarter of 2022.
Meanwhile, rivals such as BYD $BYDDY (+1,33 %) recorded large sales gains in the same period. Tesla's new registrations also fell in key European regions in March. Musk is facing increasing criticism due to his political activities. In a report, analyst Dan Ives emphasizes the urgent need for Musk to step back from politics and turn his full attention back to Tesla to strengthen the brand.
Boeing sells parts of its digital aviation solutions for 10.55 billion dollars
Boeing $BA (+0,86 %) announced a major decision on Tuesday: The company is selling parts of its digital aviation solutions business to private equity firm Thoma Bravo for $10.55 billion. This move is part of Boeing's strategy to focus on its core competencies while raising capital. The sale includes a range of digital products and services that Boeing has developed in recent years.
This transaction is seen as a critical step for Boeing to improve its financial stability and focus on its core business. The acquisition by Thoma Bravo could also open up new growth opportunities for digital aviation technology. Boeing is demonstrating that it is ready to reposition itself and remain competitive in a rapidly changing market.
Sources:
https://finance.yahoo.com/news/boeing-sell-parts-digital-aviation-130900261.html