Published 3 months ago

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

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

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