LIVE BLOG: Tesla Q1 2024 earnings call
Teslarati
APRIL 23, 2024
Musk clarified that Tesla is now seeing a lot of competitive prices from its battery suppliers due to excess capacity. This was due to battery orders from other automakers declining dramatically. “There’s gonna be a boom and bust in battery supply,” Musk noted. Margins for Tesla Energy hit a record 24.6%.
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