https://apnews.com/article/tesla-profit-income-sales-price-cut-musk-3dae7c41ed4cc8ff38f3312a4c1213f3

DETROIT (AP) — Price reductions across the model lineup cut into Tesla's first-quarter net income, causing it to fall 24% from a year ago.

The Austin, Texas, electric car and solar panel company said Wednesday it made $2.51 billion from January through March, down from $3.32 billion a year ago. Revenue rose 24% to $23.33 billion, but the company's operating profit margin fell.