Tesla Q1 results: Net profit drops 55% to $1.13 billion, revenue falls 9% YoY; shares rally on new affordable EV plan Tesla’s net profit in the first quarter ended March 2024 stood at $1.13 billion, falling 55% from $2.51 billion a year earlier amid an increasingly cutthroat electric vehicle (EV) market.
Tesla Q1 results: Net profit drops 55% to $1.13 billion, revenue falls 9% YoY; shares rally on new affordable EV plan
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