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Tesla revenue up but automotive margins decline – here’s what it means

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Elon Musk confirms Tesla car prices are on the rise

Tesla has reported its quarterly earnings after the bell on Wednesday, with the results sending stock slightly higher, but it’s not all good news

The EV maker also saw a decline in automotive margins.

They came in at around 27 per cent, down from almost 33 percent last quarter, with experts blaming inflation and greater competition for key components required for electric vehicles.

Automotive revenue was the biggest earner, bringing in $14.6 billion of the company’s total revenue.

Just under 1.5 billion came from services, while $866 million was made through the company’s energy segment.

Tesla generated $344 million in automotive regulatory credits revenue, which is a $10 million or nearly 3% decline from the same period in 2021.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Six strategies to build a six-figure property portfolio

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Achieve your dream retirement with these key property investment approaches

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Invest0r Partner Group.

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Experts reveal how to spot investment-grade properties

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Crucial tips for choosing the right property to secure long-term financial success

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Investor Partner Group.

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Tricks of the trade: how to navigate market volatility with confidence

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Strategies to manage risk and seize opportunities in uncertain times

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

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