Tesla's Struggles with Slumping EV Sales Reflect in Declining Profits

Tuesday, 23 April 2024, 21:49
Tesla's recent financial report reveals a decline in earnings and revenue attributed to lower sales of electric vehicles. Despite the profit drop, the announcement to expedite the launch of more affordable EVs has garnered investor optimism.
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Tesla's Struggles with Slumping EV Sales Reflect in Declining Profits

Tesla profits plunge as automaker grapples with slumping EV sales

Tesla, the prominent automaker, faced a setback as its profits and revenue experienced a decline. The company's financial woes were mainly due to a slump in sales of electric vehicles, impacting its overall performance. Investors found solace in Tesla's commitment to introduce cost-effective electric vehicles at an accelerated pace.

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