Tesla margins slump on repeated price cuts

The US electrical vehicle maker’s quarterly results fall short of analysts’ projections.
Tesla manages to produces 440,808 vehicles in the first three months of the year, with 422,875 cars delivered. | Photo: Scott Olson/AFP/Ritzau Scanpix
Tesla manages to produces 440,808 vehicles in the first three months of the year, with 422,875 cars delivered. | Photo: Scott Olson/AFP/Ritzau Scanpix
BY MARKETWIRE, TRANSLATED BY SIMON ØST VEJBÆK

Tesla profits slide and revenues fail to live up to analysts’ expectations in the first three months of the year, which sends shares down 6.1% in extended trading.

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