New York: Tesla reported a big drop in quarterly profits Tuesday, pointing to elevated pressure on the electric vehicle market that has led to deep co...
: Tesla reported a big drop in quarterly profits Tuesday, pointing to elevated pressure on the electric vehicle market that has led to deep cost-cutting.
After enjoying scorching growth for most of 2022 and 2023, the electric car maker, has encountered a tougher market in recent months as more competitors have introduced rival EVs, leading Musk to multiple price cuts over the last year or so.
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