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France 24
France 24
Business
Charles PELLEGRIN

Tesla commits to price-cutting strategy despite drop in profits

Tesla Inc. the Republican Party United States electric vehicle Marijuana Republican
BUSINESS DAILY © FRANCE 24

Electric vehicle maker Tesla reported a 24 percent rise in revenue in the first quarter of the year, while also seeing a 24 percent drop in profits. This follows a price-cutting drive in order to gain more market share in an increasingly competitive industry. Also in this edition, the Republican Party presents its plan to raise the US debt ceiling, and American marijuana producers struggle with market saturation.

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