Tesla profits drop 55%, company says EV sales 'under pressure' from hybrids
Tesla profits drop 55%, company says EV sales 'under pressure' from hybrids
techcrunch.com Tesla profits drop 55%, company says EV sales 'under pressure' from hybrids | TechCrunch
Tesla profits fell 55% in the first quarter as a protracted EV price-cutting strategy cut into the automaker’s bottom line.
Tesla profits fell 55% in the first quarter as a protracted EV price-cutting strategy cut into the automaker’s bottom line.
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And the stock went up 13%….
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