20
Apr
19:34
Tesla’s Q1 margin, net profit shrink on pricing strategy
Tesla saw its revenue increase 24% and its net profit decline by the same amount in the first quarter, following a strategy to prioritise volume over margin, Kallanish reports.
The company posted total revenues of $23.3 billion, of which $19.96 billion was from its EV sales, boosted by 36% in the period to 422,875 units. Production was 44% higher compared to Q1 2022 at 440,808 vehicles.
The delivery spur reflects its pricing cut strategy in global markets, whic…
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Anonymous
Very good overview of the weekly steel market.
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