this post was submitted on 24 Apr 2024
61 points (93.0% liked)

Tesla

290 readers
4 users here now

Discussion of Tesla, Inc.

Related communities:

About Tesla

Tesla Inc. (formerly Tesla Motors) is an energy + technology company originally from California and currently headquartered in Austin, Texas.

They produce electric vehicles (with a heavy focus on autonomy), batteries, and energy/solar products for the grid.

Tesla’s mission is to accelerate the world’s transition to sustainable energy.

founded 2 years ago
MODERATORS
 

Tesla profits fell 55% in the first quarter as a protracted EV price-cutting strategy cut into the automaker’s bottom line.

you are viewing a single comment's thread
view the rest of the comments
[–] nxdefiant@startrek.website 2 points 1 year 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.