Tesla Q3 profit falls 44% on EV price cuts

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Tesla Q3 profit falls 44% on EV price cuts

Tesla’s decision to 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 in its third quarter earnings. Tesla reported Wednesday revenue of $23.35 billion in the third quarter, which gained 9% year-over-year thanks to higher vehicle deliveries […]

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Tesla Q3 profit falls 44% on EV price cuts

2023-10-19 06:04

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