Tesla earnings nearly halved as price cuts put pressure on profits
by Callum Jones in New York from US news | The Guardian on (#6PE87)
CEO Elon Musk blames bit of a hangover' from rivals' discounting but insists challenges are fairly short-term'
Earnings at Tesla almost halved as discounts and price cuts pile pressure on the electric carmaker's profit margins.
Elon Musk, the company's CEO, blamed a bit of a hangover" after rivals cut prices very substantially, which has made it a bit more difficult for Tesla".
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