Tesla Q1 2024 results

Q1 2024 was the fifth successive quarter of y-o-y decline in Tesla’s group operating margin as it fell 5.9 points to 5.5%. The decline reflected an 8.7% drop in group revenue as the automotive division reported a 9.8% drop to US$19.7bn and the contribution by the energy generation and storage operation rose 6.9% to US$1.63bn.

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