Advertisement
Canada markets closed
  • S&P/TSX

    21,413.15
    +95.07 (+0.45%)
     
  • S&P 500

    5,088.80
    +1.77 (+0.03%)
     
  • DOW

    39,131.53
    +62.42 (+0.16%)
     
  • CAD/USD

    0.7405
    -0.0014 (-0.19%)
     
  • CRUDE OIL

    76.57
    -2.04 (-2.60%)
     
  • Bitcoin CAD

    69,634.53
    +740.84 (+1.08%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,045.80
    +15.10 (+0.74%)
     
  • RUSSELL 2000

    2,016.69
    +2.85 (+0.14%)
     
  • 10-Yr Bond

    4.2600
    -0.0670 (-1.55%)
     
  • NASDAQ

    15,996.82
    -44.80 (-0.28%)
     
  • VOLATILITY

    13.75
    -0.79 (-5.43%)
     
  • FTSE

    7,706.28
    +21.79 (+0.28%)
     
  • NIKKEI 225

    39,098.68
    +836.48 (+2.19%)
     
  • CAD/EUR

    0.6840
    -0.0012 (-0.18%)
     

Tesla's Profit Margin Dropped -- Here's Why That's a Good Thing

Tesla's Profit Margin Dropped -- Here's Why That's a Good Thing

In recent weeks, investors have been debating whether the vehicle price cuts Tesla (NASDAQ: TSLA) has announced in all its major markets were forced by a drop in demand or a strategic plan. Tesla is the only profitable pure electric-vehicle (EV) maker. While Tesla's gross and operating margins declined, the company reported record net earnings in the quarterly period, showing that its plan is paying off.