Tesla reports Q1 results, explains affordable car strategy
On April 23, Tesla reported its Q1 2024 results, and explained its affordable car production strategy.
Tesla’s profit of USD 1.13 billion in Q1 was down 55.1% from the same period in 2023, while Adjusted EBITDA of USD 3.38 billion was down -20.7% from Q1 last year.
Q1 total production of 433,371 units was down 1.7%,