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Reply to "Tesla’s Profit Fell 55%, Adding to Concerns About Its Strategy"
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[quote=Anonymous]Tesla continues to go down as EV and hybrid market competition heats up. And Jeff Bezos just passed Elon Musk to regain his spot as world's richest person (despite losing 1/3 of his fortune to Mackenzie in the divorce). [quote] https://www.nytimes.com/2024/04/23/business/tesla-earnings-first-quarter-elon-musk.htm Tesla reported on Tuesday that it made significantly less money in the first three months of the year because of its tepid car sales, reinforcing concern among investors that the company led by Elon Musk is losing ground in the market for electric vehicles. Profit fell 55 percent, to $1.1 billion, from the first quarter of 2023, the company said. And revenue fell 9 percent, to $21.3 billion.[/quote][/quote]
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