Current location:politics >>
Tesla's first
politics53People have gathered around
IntroductionTesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into th ...
Tesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit margins.
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.
Revenue was $21.3 billion, down 9% from last year as worldwide sales dropped nearly 9% due to increased competition and slowing demand for electric vehicles. Tesla also blamed an arson attack at its German plant and factory downtime as it switched factories to an updated version of the Model 3 sedan.
Excluding one-time items such as stock-based compensation, Tesla made 45 cents per share, falling short of analyst estimates of 49 cents, according to FactSet.
The company’s gross profit margin, the percentage of revenue it gets to keep after expenses, fell once again to 17.4%. A year ago it was 19.3%, and it peaked at 29.1% in the first quarter of 2022.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Gazetteer news portal”。http://panama.downmusic.org/article-32b799201.html
Related articles
Georgia Republicans choose Amy Kremer, organizer of pro
politicsCOLUMBUS, Ga. (AP) — Georgia Republicans on Saturday elected to the Republican National Committee a ...
【politics】
Read moreBayer CEO optimistic about expanding Chinese market
politicsSHANGHAI, April 21 (Xinhua) -- Bill Anderson, CEO of Bayer AG, emphasized China's important role as ...
【politics】
Read moreLottie Moss sends temperatures soaring in red semi
politicsLottie Moss looked sensational in a racy sheer red lingerie set as she posed for stunning Instagram ...
【politics】
Read more
Popular articles
- Company wins court ruling to continue development of Michigan factory serving EV industry
- As airplane makers struggle to meet demand, Morocco wants to become a manufacturing hub
- United Methodists open first top
- Spain reopens a probe into a Pegasus spyware case after a French request to work together
- The fightback begins: Boss of London's Queen Mary University tells pro
- The UK pledges $620 million in new military aid for Ukraine
Latest articles
Ohio judge to rule Monday on whether the state’s abortion ban stands
Spain reopens a probe into a Pegasus spyware case after a French request to work together
NATO newcomer Finland is now a 'front
Cardi B makes jaws drop as she poses in school girl
Mystery artist who erected signs comparing pothole
Moment Susanna Reid apologises as Labour MP Yvette Cooper swears on Good Morning Britain
LINKS
- Chinese state councilor calls for strenuous efforts in final preparations for Paris Olympics
- Giant pandas set to travel from China to San Diego Zoo
- Hanjiang River in south China sees 3rd flood of 2024
- France goalkeeper Mike Maignan injures thigh muscle ahead of the European Championship
- New Godzilla x Kong film tops Chinese box office
- Xi's article on putting people first to be published
- Wu Lei brace sees China cruise past Singapore
- China's health literacy reaches 29.7 percent in 2023
- EU tightens visa requirements for Ethiopians over a lack of government cooperation on deportations
- 3 sports executives in China found guilty of bribery