Tesla Q3 profit falls 44% on EV price cuts

Tesla’s decision to slash EV prices along put pressure on margins, causing profits to fall 44% in the third quarter from the previous year. The automaker missed Wall Street estimates with a reported revenue of $23.35 billion in the third quarter, which gained 9% year-over-year thanks to higher deliveries. While higher sales is positive, the […] © 2023 TechCrunch. All rights reserved. For personal use only....