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Tesla profits drop 55%, company says EV sales 'under pressure' from hybrids (techcrunch.com)

submitted 6 months ago by BrikoX@lemmy.zip to c/teslamotors@lemmy.zip

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

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[–] inclementimmigrant@lemmy.world 11 points 6 months ago (2 children)

I mean that an combined that the CEO is a openly right wing douche and they aren't making affordable cars for middle class and the recent cyber truck fiasco and the fact that they can't get the full expanded credits and the other car companies have made significant strides to catch up and exceed Tesla's autonomous driving. But yeah, it's just hybrids.

[–] HuddaBudda@kbin.social 3 points 6 months ago

Thank you! Somebody said it!

[–] Shortstack@reddthat.com 1 points 6 months ago

Well, there's folks like me that don't want EVs but want hybrids. I'm sure that plays into it in some small way. Definitely dwarfed by all your reasons though