Tesla’s Q1 Income Decreases 24% due to EV Price Cuts

  • Tesla reported a net income of $2.51 billion in Q1, which is a 24% decrease from the same period last year.
  • The decrease in income is due to Tesla’s EV price-cutting strategy.
  • Tesla has reduced the price of its four EVs (Model S, Model X, Model Y, and Model 3).


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