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Tesla's profit fell 55%, adding to concerns about its strategy

By Economic Times - 7 months ago
Tesla's Q1 profit plummeted 55% to $1.1B, revenue down 9% to $21.3B. Layoffs of 14,000 employees amid 8.5% sales drop. Musk focuses on autonomous driving, Robotaxi, as share price surged in extended trading.

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