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Tesla Profit Doubles From Tax Effect, but Price Cuts Hurt

Quarterly earnings soared from a year earlier after the company booked a tax benefit, but increased competition and a price war took a toll, the electric-car maker said.

Jack Ewing
Author: Jack Ewing

Written by

Jack Ewing

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Company Reports, Electric and Hybrid Vehicles, Factories and Manufacturing, Inflation Reduction Act of 2022, Law and Legislation, Lithium (Metal), Musk, Elon, Presidential Election of 2024, Prices (Fares, Fees and Rates), Stocks and Bonds, Tax Credits, Deductions and Exemptions, Tesla Motors Inc, Trump, Donald J, Two Thousand Twenty Three, United States Politics and Government
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