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Tesla Q1 profit falls 55%, but stock jumps as firm steps up production

By Inquirer - 7 months ago
Tesla’s first-quarter net income plummeted 55 percent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. The Austin, Texas, company said it made $1.13 billion from January through March compared with $2.51 billion in the same period a year ago. Investors and

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