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Tesla's profit dropped 24% with margin compressed after global price cuts
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Key Takeaways:
Attitude: Tesla sees 2023 as a unique opportunity. As many carmakers are working through challenges with the unit economics of their EV programs, Tesla aims to leverage its position as a cost leader. The management pointed out that the current macro environment remains uncertain....

For the first time in more than a year, owners of traditional gas-powered cars saved more money at the pump than those driving their electric counterparts, according to a consulting firm.
As inflated gas prices came down at the end of last years, the fuel cost for most Internal Combustion Engine (ICE) vehicles was comparatively cheaper in the final quarter of 2022 than charging an electric vehicle (EV),...