Tesla first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits
Tesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit margins. The Austin, Texas, company said it made $1.13 billion from January through March compared with $2.51 billion in the same period a year ago. Revenue was $21.3 billion, down 9% from last […]