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Tech Crunch – Tesla Q3 profit falls 44% on EV price cuts

Posted on October 18, 2023

Tesla’s decision to slash EV prices put pressure on margins, causing profits to fall 44% in the third quarter from the previous year. The automaker missed Wall Street estimates on revenue and earnings. Shareholders seemed to have braced for Tesla’s earnings earlier in the day, with shares closing down 4.78% to $242.68. Shares have risen […]

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