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submitted 7 months ago by BrikoX@lemmy.zip to c/teslamotors@lemmy.zip

Tesla profits fell 55% in the first quarter as a protracted EV price-cutting strategy cut into the automaker’s bottom line.

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[-] nxdefiant@startrek.website 15 points 7 months ago

That's mostly because used cars cost as much as new cars, and new cars were hard to come by thanks to chip shortages, so if you wanted a car you got what you could get. Everything sold during the pandemic.

[-] BolexForSoup@kbin.social 2 points 7 months ago

It hasn’t slowed down in the slightest

this post was submitted on 24 Apr 2024
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