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Tesla profit margins worst in five years as price cuts, incentives weigh

By Economic Times - 2 months ago
Tesla reported its lowest five-year profit margin, missing Wall Street earnings targets. CEO Musk announced 2025 models amid rising AI expenses and layoffs. Self-driving taxis and China-made EV sales dipped. Gross margin was 14.6%. Cybertruck production is progressing. Net income was $1.48 billion with $25.50 billion revenue. Shares fell 8%.

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