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Tesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy continued to cut into the automaker’s bottom line. The results, posted after markets closed Tuesday, sent shares up 7% immediately following the release. Tesla reported revenue of $21.3 billion in the first quarter, […]
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Tesla launches new Model 3 Performance variant to rev up demand
Tesla has officially revealed a new Performance variant of the recently-refreshed Model 3 sedan as the company looks to fight off receding demand. The new version of the Model 3, which starts $52,990, has a new active damping system and adaptive suspension for better handling and comfort, 296 miles of battery range and can travel […]
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