2023-01-25 21:08:47

Tesla slightly beats quarterly revenue estimates

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Channel NewsAsia
By Cna

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Tesla slightly beat analysts' estimates for fourth-quarter revenue on Wednesday (Jan 25), powered by record delivery of electric vehicles during the last three months of 2022.

Tesla has outperformed the industry and increased sales and profit to records in recent years, weathering the pandemic and global supply-chain issues better than rivals. But its recent, steep global price cuts mark a move toward stimulating growth at the expense of profit margins, underscoring softening demand.

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