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Tesla Profits Down Amid Job Losses And Delivery Issues
The Independent
|April 24, 2024
Tesla experienced a 55 per cent decline in profits this quarter compared to the same period last year, according to the EV company’s latest financial disclosures.
During that same period, revenues fell nine per cent, to $21.3bn (£17.1bn), according to the filing yesterday. It is the largest decline in revenue the company has reported since 2012, CNBC reports.
In a summary alongside the disclosure, the company described a host of challenges in recent months. “We experienced numerous challenges in the [first quarter] from the Red Sea conflict and the arson attack at Gigafactory Berlin, to the gradual ramp of the updated Model 3 in Fremont,” the company wrote. “Global EV sales continue to be under pressure as many carmakers prioritise hybrids over EVs.”
Denne historien er fra April 24, 2024-utgaven av The Independent.
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FLERE HISTORIER FRA The Independent
The Independent
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