Tesla profits fell 55% in the first quarter as a protracted EV price-cutting strategy cut into the automaker’s bottom line.
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And the stock went up 13%….
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About Tesla
Tesla Inc. (formerly Tesla Motors) is an energy + technology company originally from California and currently headquartered in Austin, Texas.
They produce electric vehicles (with a heavy focus on autonomy), batteries, and energy/solar products for the grid.
Tesla’s mission is to accelerate the world’s transition to sustainable energy.
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