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April 23, 2025

Tesla Q1 profit falls sharply by 70%

NEW YORK (AP) — Tesla's first-quarter profits plunged by more than two-thirds amid a backlash against Elon Musk's electric car company that has hurt sales and sent its stock plunging.

The Austin, Texas, company said Tuesday that quarterly profits fell by 70% to $409 million, or 12 cents a share. That's far below analyst estimates.


 
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