PALO ALTO, U.S. -- Tesla reported lackluster first quarter results after the bell Wednesday, with net income dropping sharply after the American electric vehicle maker cut prices in several markets including China and the U.S.
Automobiles
Tesla profit falls 24% in Q1 after price cuts in China, other markets
U.S. electric vehicle maker reports revenue jump on record deliveries
Tesla slashed prices in China, Japan, South Korea, Australia and the U.S., as it faces demand headwinds and intensified competition. © Reuters
Read Next
Latest on Automobiles
