https://www.theguardian.com/technology/2023/apr/19/tesla-earnings-report-q1-car-prices

Drop in company’s gross margins in first-quarter earnings signal price cuts could hurt financials with share prices taking a tumble

Tesla narrowly missed Wall Street expectations in the first quarter of 2023 and gross margins dropped significantly in a signal that a series of price cuts could hurt the company’s financials. The company posted a revenue of 85 cents a share on $23.33bn total revenue, just below analysts’ prediction of 86 cents a share on $23.34bn.