Tesla Soaring Profits

2023 • 7min • News • Business


Published On: July 20, 2023 - Elon Musk's strategic move to slash Tesla prices as a means to bolster sales and profits in the face of mounting competition and economic challenges seems to have yielded a mixed outcome. While sales experienced a notable surge, and the company surpassed analysts' expectations for net income in the April-June quarter, Tesla's profit margins witnessed a decline.