Tesla Q3 profit falls 44% on EV price cuts
Tesla’s decision to repeatedly slash EV prices put pressure on margins, causing profits to fall 44% to $1.85 billion in the third quarter from the same year-ago period, the company reported Wednesday. Tesla reported revenue of $23.35 billion in the third quarter, which gained 9% year-over-year thanks to higher vehicle deliveries and growth in other […]
© 2023 TechCrunch. All rights reserved. For personal use only.