Tesla's earnings plunge, but the company promises cheaper car model

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Tesla's earnings plunge, but the company promises cheaper car model
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Tesla reported its first-quarter adjusted earnings plunged 48%, falling short of lowered Wall Street forecasts, but it assured investors that it plans to move ahead with a cheaper model due out next year.

<p>NEW YORK — Tesla reported its first quarter adjusted earnings plunged 48%, falling short of lowered Wall Street forecasts, but it assured investors that it plans to move ahead with a c

</p><p>Tesla did not give much in the way of details about this new, lower-priced model it is promising, such as a target price or its production volumes.

 

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