Elon Musk’s ambitious strategy of implementing Tesla price cuts to stimulate sales and profits amidst growing competition and challenging economic conditions seems to be producing a mixed outcome. While sales surged, and the company exceeded analyst predictions for net income in the April-June quarter, Tesla’s profit margins experienced a decline. This performance was reflected in Tesla shares, which mirrored the results during after-hours trading.
The Austin, Texas, maker of electric vehicles, solar panels and batteries reported net income of $2.7 billion in the quarter, a 20% increase from a year ago. Earnings per share also rose 20% to 78 cents when measured via generally accepted accounting principles. Total revenue rose 47% to $24.93 billion.
Denne historien er fra July 21, 2023-utgaven av The Business Guardian.
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Denne historien er fra July 21, 2023-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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PM MODI DEDICATES THREE PARAM RUDRA SUPERCOMPUTERS TO NATION
\"The three supercomputers launched today will help in advanced research from physics, earth science, and cosmology.\"
India's pvt investment cycle is strengthening: Govt's report
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India recorded 227 IPOs, total value of $12.2 billion in first 8 months of 2024: Report
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Indian stock indices log record highs for fifth consecutive session; Sensex nearing 86,000
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India set to achieve 6.5-7 pc GDP growth in FY25: FinMin report
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Harris is making a 'capitalist' pitch to boost the economy
\"As president, I will be grounded in my fundamental values of fairness, dignity and opportunity,\" Harris said. \"And I promise you, I will be pragmatic in my approach.\"
Trump's misleading claims on election fraud target overseas voters
Donald Trump this week claimed without evidence that anyone living overseas can get a ballot mailed to them, even : if they are not eligible to vote, falsely accusing Democrats of subverting a 1986 law to win in November.
Will expel migrants under key Biden immigration programmes: Trump
Former President Donald Trump, who has made antiimmigration rhetoric a key part of his reelection campaign, warned Wednesday that he would kick out hundreds of thousands of ime migrants who have entered the country under two key Biden administration programs if he's reelected.
Saj Hotels limited IPO opens on 27th september, 2024
Our company is engaged in Hospitality industry.
