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Tesla Q1 profit drops 24% due to price cuts

Por: New York Post Business April 19, 2023

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cut into Tesla’s first-quarter net income, causing it to fall 24% from a year ago. Elon Musk’s electric car and solar panel company said Wednesday it made $2.51 billion from January through March, down 24% from $3.32 billion a year ago. Revenue rose 24% to $23.33 billion, but the company’s operating profit margin fell. Tesla made an adjusted 85 cents per share in the first quarter, matching analyst estimates, according to FactSet. Analysts... + full article



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