Tesla's net income slumped 44% in the 3rd quarter as lower prices ate into the automaker's profits
Tesla has reported that its net income slumped in the third quarter versus a year earlier. That came as its price cuts helped drive strong sales growth but also ate into the automaker’s profit margins. The Austin, Texas, maker of electric vehicles, solar panels and batteries on Wednesday reported net income of $1.85 billion for the July-September quarter, a 44% decline from a year earlier. Tesla has been slashing prices most of this year to keep attracting buyers who now have a wider selection of... Читать дальше...