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Tesla’s Earnings Were Good. Guidance Is OK. Shares Are Higher.

Por: MarketWatch Business January 25, 2023

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Tesla shook up the global auto industry earlier this year by slashing prices by up to 20% to spur slowing sales. It was able to do this because it has a cost advantage over other EV makers. The lower-cost platform could be Tesla’s next salvo as it tries to expand its position as the world’s largest EV maker. Tesla reported fourth-quarter earnings per share of $1.19 from sales of $24.3 billion. Operating profit was a record $3.9 billion, up... + full article



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