Tesla boss Elon Musk doubled down on the price war he started, saying the EV maker would prioritize sales growth ahead of profit. Read on.
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Tesla said in a statement it still believed its operating margin would remain the highest among big carmakers. The company posted an automotive gross margin of 19 per cent excluding regulatory credits in the first quarter, down from 24 per cent the previous quarter, according to Reuters’ calculation. Tesla in the first quarter reported record inventory of US$14.38 billion, up from $6.69 billion a year earlier.
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Musk ups ante in EV price war, will pursue Tesla sales growth ahead of profitTesla boss Elon Musk doubled down on the price war he started, saying the EV maker would prioritize sales growth ahead of profit. Read on.
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Musk ups ante in EV price war, will pursue Tesla sales growth ahead of profitTesla boss Elon Musk doubled down on the price war he started, saying the EV maker would prioritize sales growth ahead of profit. Read on.
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Tesla shares sink as Musk's sales push by price cuts hurts marginsTesla Inc's shares sank more than 6.8 per cent on Thursday and dragged down other automakers after Chief Executive Elon Musk signalled the electric-vehicle maker will keep cutting prices to drum up demand even after taking a big hit to margins.
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Tesla shares sink as Musk signals more price cuts aheadEV maker continues to prioritize demand over near-term profit, according to analysts
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KINSELLA: CBC is looking at this Elon Musk Twitter dispute the wrong wayFrom kinsellawarren: CBC is looking at this Elon Musk Twitter dispute the wrong way
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Elon Musk’s SpaceX Starship Rocket Explodes During Test FlightElon Musk's SpaceX Starship went up in flames on Thursday morning. The Twitter CEO's huge rocket blew up just minutes after launching in southern Texas, with the explosion being seen in a clip shared by TMZ. The publication stated it wasn't carrying any people or satellites at the time, thankfully. It had set off for…
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