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Tesla Reports Abysmal Quarter

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Tesla reported first-quarter earnings on Wednesday that missed Wall Street estimates. Model S and X sales dropped drastically in the quarter. CEO Elon Musk said that's not due to cannibalization from the newer, cheaper Model 3. "Deliveries of Model S and Model X declined to 12,100 vehicles in Q1 compared to our two- year run rate of roughly 25,000 units per quarter," the company said. ' Tesla said the average selling price for Model 3, which currently starts at $39,500 in the US, is currently around $50,000.

Added on the 24/04/2019 18:12:00 - Copyright : Wochit

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