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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[–] [email protected] 4 points 10 months ago

100% Musk. He owes the shareholders billions in damages.