this post was submitted on 24 Apr 2024

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Tesla

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Tesla profits drop 55%, company says EV sales 'under pressure' from hybrids (techcrunch.com)

submitted 10 months ago by [email protected] to c/[email protected]

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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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[–] reddig33 12 points 10 months ago (1 children)

More likely under pressure from a CEO who doesn’t know what they are doing anymore.

[–] TropicalDingdong 3 points 10 months ago

He's bored with it and wants to play with his bird.