Tesla shares surged nearly 10% in premarket trading, despite a revenue miss for the first quarter of 2024, a steep decline in profits, and a recall of its most recently released car. The electric vehicle (EV) maker said on Tuesday it had made $1.13bn (£910m) over the first three months of the year, compared with $2.51bn a year earlier. The company said it would “accelerate the launch of new models… including more affordable models” with production starting next year. Read more: FTSE 100 LIVE: European stocks higher as London hits fresh intraday record high Tesla announced it plans to cut more than 6,000 jobs at its sites in Texas and California. Facebook owner Meta will report first-quarter financial results after the US market close this Wednesday. Analysts surveyed by FactSet expect that Meta earned $4.32 per share during the first quarter on $36.1bn in revenue, compared to $2.20 per share a year earlier on $28.6bn in revenue. Read more: FTSE 100: Lloyds sees profits drop by 28% In February, Meta posted adjusted fourth-quarter earnings per share of $5.33 on revenue of $40.1bn. Wall Street had expected adjusted earnings of $4.94 per share and revenue of $39bn. Meta stock is up...