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- Tesla reported disappointing results for the first quarter.
- But investors celebrated news of cheaper vehicles on the horizon.
- That assumes lots of people want to buy a Tesla but can't afford one.
Tesla had some bad news and some good news when it released first-quarter earnings.
The bad: It reported revenue and earnings that were below Wall Street expectations, and posted negative free cash flow.
The good news: Cheaper Teslas are on the way!