{"id":133808,"date":"2023-04-20T13:47:44","date_gmt":"2023-04-20T11:47:44","guid":{"rendered":"https:\/\/newmobility.news\/?p=133808"},"modified":"2023-04-21T12:14:24","modified_gmt":"2023-04-21T10:14:24","slug":"teslas-price-cuts-are-eating-away-its-profit","status":"publish","type":"post","link":"https:\/\/newmobility.news\/en\/2023\/04\/20\/teslas-price-cuts-are-eating-away-its-profit\/","title":{"rendered":"Tesla\u2019s price cuts are eating away its profit"},"content":{"rendered":"<p style=\"font-weight: 400;\">No first-quarter figures for 2023 were as anticipated as those from Tesla. Kickstarting a <a href=\"https:\/\/newmobility.news\/2023\/04\/11\/three-times-is-a-pattern-tesla-lowers-prices-again\/\">price war<\/a> 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%.<\/p><p style=\"font-weight: 400;\">The <a href=\"https:\/\/newmobility.news\/2023\/04\/03\/tesla-posts-new-record-quarter-and-beats-forecasts\/\">good news<\/a> was already known. Tesla shipped a record number of 422 875 units during the first three months of the year, a better result than predicted by analysts leading to an increase in revenue of 24% year-on-year. However, in 2022, the first quarter was heavily affected by lockdowns in its Shanghai Gigafactory, which served as an important global hub back then.<\/p><div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\">This content has been archived. <a href=\"https:\/\/newmobility.news\/en\/subscription\/\">Log in or Subscribe<\/a> to a level that has access to archived content.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>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 good news was already [&hellip;]<\/p>\n","protected":false},"author":715,"featured_media":133817,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[16,4,17],"tags":[],"class_list":["post-133808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","category-top-stories-today","category-weekly-newsletter"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?fit=2133%2C1600&ssl=1",2133,1600,false],"thumbnail":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?fit=300%2C225&ssl=1",300,225,true],"medium_large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?fit=640%2C480&ssl=1",640,480,true],"large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?fit=640%2C480&ssl=1",640,480,true],"1536x1536":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?fit=1536%2C1152&ssl=1",1536,1152,true],"2048x2048":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?fit=2048%2C1536&ssl=1",2048,1536,true],"trp-custom-language-flag":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?fit=16%2C12&ssl=1",16,12,true],"related-thumb":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?resize=640%2C480&ssl=1",640,480,true],"gform-image-choice-sm":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?resize=300%2C300&ssl=1",300,300,true],"gform-image-choice-md":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?resize=400%2C400&ssl=1",400,400,true],"gform-image-choice-lg":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?resize=600%2C600&ssl=1",600,600,true],"mailchimp":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?fit=560%2C420&ssl=1",560,420,true],"unipress-phone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?resize=640%2C100&ssl=1",640,100,true],"unipress-tablet":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?resize=1536%2C240&ssl=1",1536,240,true],"unipress-tablet-portrait":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?resize=1536%2C180&ssl=1",1536,180,true],"unipress-tablet-landscape":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?resize=2048%2C180&ssl=1",2048,180,true],"unipress-smartphone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?resize=1080%2C168&ssl=1",1080,168,true],"unipress-wide-screen":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg?resize=2133%2C180&ssl=1",2133,180,true]},"post_excerpt_stackable_v2":"<p>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 good news was already known. Tesla shipped a record number of 422 875 units during the first three months of the year, a better result than predicted by analysts leading to an increase in revenue of 24% year-on-year. However, in 2022, the first quarter was heavily affected by lockdowns&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/newmobility.news\/en\/category\/industry\/\" rel=\"category tag\">Industry<\/a>, <a href=\"https:\/\/newmobility.news\/en\/category\/top-stories-today\/\" rel=\"category tag\">Top Stories Today<\/a>, <a href=\"https:\/\/newmobility.news\/en\/category\/weekly-newsletter\/\" rel=\"category tag\">Weekly Newsletter<\/a>","author_info_v2":{"name":"Piet Andries","url":"https:\/\/newmobility.news\/en\/author\/piet-andriesgmail-com\/"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tesla\u2019s price cuts are eating away its profit - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2023\/04\/20\/teslas-price-cuts-are-eating-away-its-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla\u2019s price cuts are eating away its profit - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"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 good news was already [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newmobility.news\/en\/2023\/04\/20\/teslas-price-cuts-are-eating-away-its-profit\/\" \/>\n<meta property=\"og:site_name\" content=\"newmobility.news\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/search\/top\/?q=newmobility.news\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-20T11:47:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-21T10:14:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newmobility.news\/wp-content\/uploads\/2023\/04\/Tesla5669.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2133\" \/>\n\t<meta property=\"og:image:height\" content=\"1600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Piet Andries\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@jorisvry\" \/>\n<meta name=\"twitter:site\" content=\"@jorisvry\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Piet Andries\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/2023\\\/04\\\/20\\\/teslas-price-cuts-are-eating-away-its-profit\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2023\\\/04\\\/20\\\/teslas-price-cuts-are-eating-away-its-profit\\\/\"},\"author\":{\"name\":\"Piet Andries\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/#\\\/schema\\\/person\\\/a5b306e499388c9ea0a3a4f6704d7081\"},\"headline\":\"Tesla\u2019s price cuts are eating away its profit\",\"datePublished\":\"2023-04-20T11:47:44+00:00\",\"dateModified\":\"2023-04-21T10:14:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2023\\\/04\\\/20\\\/teslas-price-cuts-are-eating-away-its-profit\\\/\"},\"wordCount\":478,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2023\\\/04\\\/20\\\/teslas-price-cuts-are-eating-away-its-profit\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/newmobility.news\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Tesla5669.jpg?fit=2133%2C1600&ssl=1\",\"articleSection\":[\"Industry\",\"Top Stories Today\",\"Weekly Newsletter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/newmobility.news\\\/2023\\\/04\\\/20\\\/teslas-price-cuts-are-eating-away-its-profit\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/2023\\\/04\\\/20\\\/teslas-price-cuts-are-eating-away-its-profit\\\/\",\"url\":\"https:\\\/\\\/newmobility.news\\\/2023\\\/04\\\/20\\\/teslas-price-cuts-are-eating-away-its-profit\\\/\",\"name\":\"Tesla\u2019s price cuts are eating away its profit - 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