Tesla: EPS down 40% in Q4
The electric carmaker saw its revenues rise by just 3% to under $25.2 billion, weighed down in particular by a reduction in the average selling price of its vehicles, which offset higher volumes delivered.
In addition to lower sales prices and an unfavorable mix effect, Tesla's profitability was penalized by higher operating expenses, partly due to artificial intelligence and other R&D projects.
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