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Price cuts cause Tesla 1Q income, profit margins to fall

Por: WPLG Local 10 Tech April 20, 2023

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DETROIT – Tesla's first-quarter net income tumbled 24% from a year ago as multiple price cuts across its model lineup reduced the amount of money generated per vehicle even as sales rose. The Austin, Texas, electric car and solar panel company said Wednesday it made $2.51 billion from January through March, down from $3.32 billion a year ago. Revenue rose 24% to $23.33 billion, but the company's operating profit margin fell.Tesla... + full article



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