Tesla's financial report for the first quarter of 2024 has unveiled a significant drop in net profit, plummeting by 71%. Automotive revenue declined by 20%, and vehicle deliveries hit a three-year low. Amidst these challenges, Elon Musk announced his renewed dedication to Tesla, pledging to tackle supply chain disruptions and boost production capacity. Furthermore, Musk unveiled plans for an affordable new model, dubbed "Model 2," and shared updates on the company's advancements in energy storage and AI businesses. Despite the disappointing financial results, Musk's commitments and new initiatives sparked a surge of market confidence, leading to a 5% increase in Tesla's share price after-hours trading. To further stimulate sales, Tesla introduced a 5-year, 0% interest financing policy for the refreshed Model Y.