New reports show Tesla is experiencing a steep decline in profits and revenue - but the company's shares jumped 10 percent.

The electric vehicle manufacturer posted a lower-than-expected $21.3 billion in revenue and 55 percent decline in profit from the first quarter of 2023.

AJ Bell financial advisor Danni Hewson says investors believe CEO Elon Musk aims to focus more attention on Tesla, with more projects in the pipeline.

LISTEN ABOVE

New reports show Tesla is experiencing a steep decline in profits and revenue - but the company's shares jumped 10 percent.
The electric vehicle manufacturer posted a lower-than-expected $21.3 billion in revenue and 55 percent decline in profit from the first quarter of 2023.
AJ Bell financial advisor Danni Hewson says investors believe CEO Elon Musk aims to focus more attention on Tesla, with more projects in the pipeline.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

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