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Published 1 month ago

Tesla reports biggest revenue slide since 2012, announces renewed push for affordable model

  • Tesla's first-quarter revenue was $21.3 billion, a 9% decrease from the previous year, attributed to global sales decline and competition.
  • An arson attack at Tesla's German plant and factory restructuring for updated Model 3 sedan contributed to revenue drop and production delays.
  • Tesla plans to introduce smaller, affordable models next year, including the anticipated $25,000 Model 2, with new generation features.
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