Tesla reports sequentially lower quarterly gross margin

The company on Wednesday reported gross margin of 18.2 per cent for the April-June period, compared with 19.3 per cent for the first quarter

beat quarterly revenue expectations on Wednesday, but said gross margin fell in the second quarter from the previous three months, squeezed by the electric-vehicle maker’s efforts to boost sales through price cuts.

Tesla said in a statement on Wednesday it was focusing on reducing costs and on new product development, and that the “challenges of these uncertain times are not over.” The company on Wednesday reported gross margin of 18.2% for the April-June period – the lowest in 16 quarters – compared with 19.3% for the first quarter.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in CA

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wednesday's Charts for Gold, Silver and Platinum and Palladium, July 19Get the Big Picture view on gold, silver and other precious metals markets with Kitco Senior Analyst. With thorough analysis, get a sense of today's market as well as where it may be heading. Be in the lead.
Read more »

Minister says he'll announce decision Wednesday on future of policing in Surrey, B.C.CHILLIWACK, B.C. — British Columbia Public Safety Minister Mike Farnworth says he'll announce Wednesday whether Surrey will be allowed to revert to policing by the RCMP or be forced to continue the transition to a municipal force.
Read more »

Gold sees routine pause Wednesday after recent gainsSenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Read more »

Farnworth says he’ll announce decision Wednesday on future of policing in Surrey, B.C.British Columbia Public Safety Minister says no matter what he decides, he’s confident officers with either force are going to continue to do an ‘incredible job’
Read more »

Mix of sun and cloud WednesdayWith the humidex, the day will feel like 27 C
Read more »