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Tesla's Q2 2023 profit margin has declined for the third consecutive quarter

Tech 2023-07-20 10:44:03 Source: Network
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Global Network Technology Comprehensive ReportOn July 20th local time, Tesla released its financial report for the second quarter of 2023. According to the financial report, Tesla's revenue in the second quarter was $24

Global Network Technology Comprehensive ReportOn July 20th local time, Tesla released its financial report for the second quarter of 2023. According to the financial report, Tesla's revenue in the second quarter was $24.9 billion, a year-on-year increase of 47%, and achieved a net profit of $2.703 billion. However, the Gross margin in the second quarter was 18.2%, down from 19.2% in the first quarter of this year; The operating profit margin fell to 9.6%, marking the third consecutive quarter of decline.

In this regard, Tesla CEO Elon Musk said that it is reasonable to sacrifice the vehicle profit margin for more production. If the economic environment deteriorates, the company will have to further reduce the price of cars.


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