• leadore@lemmy.world
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    4 hours ago

    Tesla’s stock price going up or down is a completely different matter than company earnings. The report is on their actual company profits, which are down 71% – meaning they aren’t selling as many cars. That’s a big deal. Let’s keep making sure that owning a Tesla becomes completely socially unacceptable.

    Tesla reported lower than expected earnings on Tuesday, with first-quarter profits dropping 71% on much lower sales of electric vehicles.