By Vivek Kumar Tesla’s stock soared by over 13 per cent in after-hours trading, marking a significant rebound from its lowest point in 15 months. This surge came shortly after the electric car manufacturer announced plans to expedite the release of more affordable vehicle models. Despite the positive market response, Tesla reported a notable 9 per cent year-on-year decline in revenue for the March quarter. This decline represents the company’s first revenue drop since the COVID-19 quarter in 2020 and its most substantial decrease since 2012. “1Q had something for everyone. Results were not as …
