Tesla’s price cuts are eating away its profit
The price war initated by Tesla resulted in esla delivered a record number of vehicles this year, but earnings are collapsing. /newspressuk
No first-quarter figures for 2023 were as anticipated as those from Tesla. Kickstarting a price war in the EV category and defying the other car makers, curiosity about side effects on income was high. For Tesla, gaining that market share comes at the cost of earnings dropping by more than 20%.
The
Comments
Ready to join the conversation?
You must be an active subscriber to leave a comment.
Subscribe Today