this post was submitted on 24 Apr 2024
61 points (93.0% liked)

Tesla

168 readers
1 users here now

The Tesla community of lemmy

founded 1 year ago
MODERATORS
 

Tesla profits fell 55% in the first quarter as a protracted EV price-cutting strategy cut into the automaker’s bottom line.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 15 points 4 months ago (2 children)

That's mostly because used cars cost as much as new cars, and new cars were hard to come by thanks to chip shortages, so if you wanted a car you got what you could get. Everything sold during the pandemic.

[–] [email protected] 2 points 4 months ago

It hasn’t slowed down in the slightest