Current location:travel >>
Tesla's first
travel37People 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.“International Image news portal”。http://angola.3elevenboutique.com/news-09c499557.html
Related articles
Target to lower prices on basic goods in response to inflation
travelTarget plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inf ...
【travel】
Read moreTop Chinese diplomat stresses China
travelNANNING, April 6 (Xinhua) -- Wang Yi, director of the Office of the Foreign Affairs Commission of th ...
【travel】
Read moreLondon mayoral hustings descends into mayhem as Sadiq Khan is heckled by man about the 'absolute doo
travelThe London mayoral hustings had to be stopped when Sadiq Khan was shouted down by a heckler in the a ...
【travel】
Read more
Popular articles
- With Djokovic awaiting the winner, Murray trails Hanfmann at rain
- How APEC meetings turn out is a test for the US
- 3rd Belt and Road Forum will be a landmark event: Pakistani expert
- China Focus: Record Qingming holiday box office heats up for May Day moviegoing frenzy
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- Commentary: CIFTIS opens door of cooperation wider for shared benefit
Latest articles
Analysis: Larson enters conversation with Verstappen as best drivers in the world
Commentary: China's pro
Painting new picture for Asian Games, creating better future for Asia
Xinhua Commentary: Xi's Meeting with Ma Injects Positive Energy to Relations Across Taiwan Strait
Verona confirms Serie A status for another year after beating Salernitana
CIIE: a vivid reality of the world sharing Chinese opportunities
LINKS
- Xinhua Headlines: A solidly modernizing China to chart blueprint for year 2022
- Xi Focus: Xi Calls for More Achievements in Party's Theoretical Innovation
- NetEase Inc renews game partnership with Blizzard
- Xi Focus: Xi Urges Jiangsu to Take Lead in Advancing Chinese Modernization
- China to promote steady growth in consumption and foreign trade, and stabilize economic fundamentals
- China's cargo, container throughput rises in first two months
- China criticizes Fitch's sovereign rating downgrade
- More potential for Sino
- China launches new land
- Financial aid backs equipment renewal