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Tesla profit plunges 55% as it warns of 'notably lower' sales growth

Summary by Fortune
EV maker's first-quarter net income plummeted to $1.13 billion amid falling global sales and price cuts.

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Al JazeeraAl Jazeera
Lean Left

Tesla profit plunges 55%, as shares bounce on plans for cheaper vehicles

The Texas-based company reports profits of $1.1bn in the first quarter, down from $2.51bn a year ago.

·Qatar
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FortuneFortune
Center

Tesla profit plunges 55% as it warns of 'notably lower' sales growth

EV maker's first-quarter net income plummeted to $1.13 billion amid falling global sales and price cuts.

·New York, United States
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Fortune broke the news in New York, United States on Tuesday, April 23, 2024.
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