Interim reports|The result fell significantly due to price reductions made due to, among other things, intensifying competition.
Electric car manufacturer Tesla’s result for April-June fell significantly from a year ago, due to price reductions made due to, among other things, intensifying competition.
Company told that it made a profit of about $1.5 billion, which is about 45 percent less than in the same period a year ago. Turnover, on the other hand, grew by two percent and was now 25.5 billion dollars.
The result fell short of analysts’ expectations, while the turnover exceeded them.
Vehicle sales decreased from a year ago, but increased compared to January-March.
#Interim #reports #Teslas #result #collapsed #profit #percent
