SAN FRANCISCO: Tesla has reported quarterly automotive gross margin in line with Wall Street estimates, though it was a far cry from a year earlier and before chief executive officer Elon Musk ignited an electric-vehicle price war to quash competition.
Under pressure from increasing competition and an uncertain economy, Tesla has slashed prices several times in the United States, China and other markets since late last year, and increased discounts and other incentives to reduce inventory.
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