By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Dubai News Club
  • Business
  • Finance
  • Lifestyle
  • Tech
  • Middle East
  • Press Releases
Reading: Tesla’s rampant price cutting is taking a toll on its profits
Share
  • English
    • العربية (Arabic)
Submit News
Notification
Dubai News ClubDubai News Club
0
Font ResizerAa
  • Business
  • Finance
  • Lifestyle
  • Tech
  • Middle East
  • Africa
  • Press Release
Search
  • Home
  • Business
  • Finance
  • Tech
  • Lifestyle
  • Press Release
  • Africa
  • Middle East
  • English
    • العربية
  • Privacy Policy
  • Terms and Conditions
  • Contact
  • Submit Press Release
© 2022 دبي نيوز كلوب. جميع الحقوق محفوظة.
Dubai News Club > Tech > Tesla’s rampant price cutting is taking a toll on its profits
Tech

Tesla’s rampant price cutting is taking a toll on its profits

Press Room
Last updated: 2023/04/19
Press Room
Published: April 19, 2023
Share
1 Min Read
SHARE
The Tesla logo on a red, black, and white background.
Illustration: Alex Castro / The Verge

Tesla published its first quarter earnings report in which the company said it earned $2.9 billion in net income on $23.3 billion in revenue. That represents a 24 percent increase year over year compared to $18.7 billion in revenue in Q1 2022.

Most importantly, the company’s gross margins fell to 19.3 percent, a sign that its rampant price cutting was starting to take a toll on its bottom line. Gross margins were down 18.9…

Source

Netflix’s series about the FTX fiasco has found its leading effective altruists
Ford stops shipping 2024 F-150 Lightnings for ‘quality checks’
Anker’s new 5K MagSafe battery is slimmer and faster
Apple Music’s year-end roundup is a little better this year
PSVR 2 review: love on a leash

اشترك في النشرة اليومية

كن على إطلاع! احصل على آخر الأخبار العاجلة مباشرة إلى صندوق الوارد الخاص بك.

    من خلال الاشتراك ، فإنك توافق على شروط الاستخدام وتقر بممارسات البيانات الواردة في سياسة الخصوصية . يمكنك إلغاء الاشتراك في أي وقت.
    Share This Article
    Facebook Email Print
    What do you think?
    Love0
    Sad0
    Happy0
    Sleepy0
    Angry0
    Dead0
    Wink0
    Previous Article Facebook owes us $725 million: here’s how to get your cut
    Next Article Egypt.. New details in the case of erecting the “Hoog Pole” platform
    Ad imageAd image

    Latest News

    ‘We are the media now’: why Tesla’s robotaxis were dominated by Elon Musk superfans
    Tech
    June 29, 2025
    Apple’s racing movie is finally here
    Tech
    June 29, 2025
    Two new tools to support engineering cadres
    Finance
    June 29, 2025
    Ahmed bin Muhammad offers condolences for the death of Muhammad Suhail Al -Amri
    Lifestyle
    June 29, 2025
    Dubai News ClubDubai News Club
    Follow US
    © 2024 Dubai News Club. all rights are reserved
    • Privacy Policy
    • Terms and Conditions
    • Contact
    • Submit Press Release
    join us!
    Subscribe to our newsletter and never miss the latest news, podcasts, etc.

      Don't worry, we will not send you any spam, you can cancel at any time.
      Welcome Back!

      Sign in to your account

      Username or Email Address
      Password

      Lost your password?