Key Points
SummaryCompaniesDiscounts, incentives help revenue growthMargins likely to suffer in bid to boost salesCharging partnerships power shares higher..
July 17 (Reuters) - Tesla's (TSLA.O) strategy to boost sales through price cuts is likely to have powered its strongest revenue growth in five quarters while dragging down margins to a three-year low in the April-June period...
The Elon Musk-led electric-vehicle maker has since late last year launched a price war to stoke demand and quell competition from legacy automakers such as Ford Motor (F.N) and Chinese rivals including BYD (002594.SZ)...
Tesla booked record deliveries of its China-made cars in the quarter but its share of the country's pure electric and plug-in hybrid market fell to 8.8% from 10.5% in the first three months of 2023, according to a Reuters calculation based on numbers from a Chinese auto industry body...
Piper Sandler estimates Tesla's revenue from its charging network to hit $9.65 billion in 2032, with more than half the sales coming from EVs made by other carmakers using its network.CS..
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