this post was submitted on 24 Apr 2024
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Tesla

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Tesla profits drop 55%, company says EV sales 'under pressure' from hybrids (techcrunch.com)
submitted 5 months ago by [email protected] to c/[email protected]
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Tesla profits fell 55% in the first quarter as a protracted EV price-cutting strategy cut into the automaker’s bottom line.

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[–] [email protected] 2 points 5 months ago

No, not at all. I said everything sold during the pandemic, and because that was evident to manufacturers, they started putting their limited chip supply towards things with higher profit margins, like luxury cars, PHEV's and EV's.