Tesla profits drop 55%, company says EV sales 'under pressure' from hybrids
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Tesla Continues Downward Trend with 55% Profit Drop
Leading EV manufacturer Tesla continues to lose sales, with another profit drop of as much as 55%. Tesla's profits are reportedly down 55% due to competition, and its price-cutting strategy finally caught up with that of the automaking giant.
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Tesla Calls Itself an AI, Robotics Company as Profits Plunge 55%
There was nothing electric about electric vehicle (EV) maker Tesla’s latest financial results. The company reported its first quarter 2024 earnings results Tuesday (April 23), disclosing a 55% drop in profits when compared to the same period last year. “We experienced numerous challenges in Q1, from the Red Sea conflict and the arson attack at Gigafactory […]
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Elon Musk has turned Tesla into a meme stock as he tells Wall Street to value the EV maker like an AI company, top economist says
"The fundraiser, cheerleader, and coach for teams developing real technologies has become a meme-stock carnival barker."