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Grey clouds are overshadowing Tesla\u2019s long-lasting winning streak. During the presentation of Q3 earnings, the company announced crumbling margins, a delay for its Mexican factory, and worries about the profitability of its highly anticipated Cybertruck.Tesla\u2019s chase for more volume, fueled by price drops, is eating away at the company’s margins. When the company realized 25% over the same period last year, margins during Q3 dropped to 17.8%. The results disappointed Wall Street, which sent the stock price 7% lower when trading re-opened, a loss of 16 billion dollars for the CEO of Tesla, Elon Musk. The dip is less significant…<\/p>\n","category_list_v2":"Industry<\/a>, Product<\/a>, Top Stories Today<\/a>","author_info_v2":{"name":"Piet Andries","url":"https:\/\/newmobility.news\/en\/author\/piet-andriesgmail-com\/"},"comments_num_v2":"0 comments","yoast_head":"\nIs Tesla\u2019s price war backfiring with crumbling margins? - 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\/10\/20\/is-teslas-price-war-backfiring-with-crumbling-margins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Tesla\u2019s price war backfiring with crumbling margins? - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"Grey clouds are overshadowing Tesla\u2019s long-lasting winning streak. During the presentation of Q3 earnings, the company announced crumbling margins, a delay for its Mexican factory, and worries about the profitability of its highly anticipated Cybertruck.Tesla\u2019s chase for more volume, fueled by price drops, is eating away at the company's margins. 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