Tesla Inc

TSLA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$678.00	Hjmhqg	Ppspwhdrqp

Tesla Earnings: Price Cuts Weigh on Margins While Cybertruck Launch Officially Scheduled

Seth Goldstein

Oct 19, 2023

Tesla's earnings showed the effect of the company's price cuts as operating income fell more than 50% from the prior-year quarter despite 9% year-over-year revenue growth. Our annual forecast had already included the profit decline as we expected price cuts would continue to weigh on profits and margins.

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