Tesla's first-quarter net income tumbles as falling global sales and price cuts reduce profits

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Tesla's first-quarter net income plummeted 55 per cent as falling global sales and price cuts sliced into the electric vehicle maker's revenue and profit margins.

Tesla's first-quarter net income plummeted 55 per cent as falling global sales and price cuts sliced into the electric vehicle maker's revenue and profit margins.Electric car sales will rise strongly in 2024 and increasingly undercut oil demand, the International Energy Agency forecast on Tuesday, adding affordability and charging infrastructure would be key to future growth.

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Tesla Sales Fall Way Short of Estimates in First Drop Since 2020Electric vehicle manufacturer Tesla reported disappointing sales figures, falling short of estimates and experiencing its first drop in sales since 2020.
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