Tesla Price Cuts Lead To Q1 2023 Margin Decline As Company Slashes Prices Anew

Tesla (Nasdaq: TSLA) stock fell more than 7% in the extended session Wednesday after the electric-vehicle manufacturer narrowly missed quarterly revenue projections and saw adjusted profit margins fall as it reduced EV prices. The revenue for Q1 2023 came in at $23.33 billion, down from Q4 2022’s $24.32 billion but up from Q1 2022’s $18.76 … Continue reading Tesla Price Cuts Lead To Q1 2023 Margin Decline As Company Slashes Prices Anew