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Tesla’s Q1 Net Income Drops 24% Due to Lower Average Sales Price

Quarterly revenue jumped 24% on higher vehicle deliveries

April 20, 2023

/ Gourav Mishra
/ Electric Vehicles, Finance and M&A
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U.S.-based electric vehicle maker Tesla reported a net income of $2.5 billion in the first quarter of the financial year (FY) 2023, a 24% year-over-year (YoY) drop.

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Gourav Mishra

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