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AD #3797 - Tesla’s Stock Up Despite Q1 Earnings Drop; Mercedes Reveals All-Electric G-Class; Subaru Axes Legacy from Lineup

AD #3797 - Tesla’s Stock Up Despite Q1 Earnings Drop; Mercedes Reveals All-Electric G-Class; Subaru Axes Legacy from Lineup

Autoline Daily Apr 24, 2024 10 min
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About this episode

Tesla's Q1 earnings showed a 9% drop in deliveries and revenue, yet its stock rose over 10% due to promising future plans, including accelerated launches of more affordable EVs and a new Model 3 Performance. Mercedes unveiled an all-electric G-Class with impressive power and off-road capabilities. Subaru announced it will discontinue the Legacy sedan by 2025 amid shifting buyer preferences and EV transition. Other highlights include LG Kem partnering on solid-state batteries, Euro NCAP introducing heavy-duty truck safety tests, and Polestar considering US production to avoid European tariffs on Chinese-built EVs.

Topics: tesla q1 earnings tesla future models model 3 performance mercedes electric g-class subaru legacy discontinuation solid state batteries heavy duty truck safety polestar production strategy volkswagen china market ev market trends
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