Volkswagen:Quarterly Results/2023 Q1: Difference between revisions

Volkswagen:Quarterly Results/2023 Q1 (view source)

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 === Tesla ===
-Tesla's net income declined by 24% year-on-year due to higher raw material, commodity, logistics and warranty costs, as well as lower revenue from environmental credits. Its automotive revenue rose by 18% year-on-year to $19.96 billion<ref name=":0">https://www.cnbc.com/2023/04/19/tesla-tsla-earnings-q1-2023.html</ref>. Meanwhile, automotive gross margin came in at 18.5% versus 20.5% expected by analysts<ref>https://www.youtube.com/watch?v=BfbewViXvu8</ref>.
+Tesla's net income declined by 24% year-on-year due to higher raw material, commodity, logistics and warranty costs, as well as lower revenue from environmental credits. Its automotive revenue rose by 18% year-on-year to $19.96 billion<ref name=":0">https://www.cnbc.com/2023/04/19/tesla-tsla-earnings-q1-2023.html</ref>. Meanwhile, automotive gross margin came in at 18.3% versus 20.5% expected by analysts<ref>https://www.youtube.com/watch?v=BfbewViXvu8</ref>.
 During the earnings call, Elon Musk said that he expects 12 months of "stormy weather" in the economy and that " provided there are no major geopolitical wildcards that show up, that things start getting sunny around spring next year."<ref name=":1">https://seekingalpha.com/article/4595114-tesla-inc-tsla-q1-2023-earnings-call-transcript</ref>