(Corrects paragraph 2 to say 14 analysts polled by Refinitiv, not 17 analysts polled by Visible Alpha):Tesla Inc missed market estimates for first-quarter total gross margin on Wednesday, throttled by a series of aggressive price cuts meant to spur demand in a sagging economy and fend off rising competition.
:Tesla Inc missed market estimates for first-quarter total gross margin on Wednesday, throttled by a series of aggressive price cuts meant to spur demand in a sagging economy and fend off rising competition.
Elon Musk-led Tesla reported total gross margin of 19.3 per cent, compared with expectations of 22.4 per cent, according to 14 analysts polled by Refinitiv.
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