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Tesla profits down 55 per cent amid job losses, delivery issues and Cybertruck recall

Tesla profits down 55 per cent amid job losses, delivery issues and Cybertruck recall

Tesla has announced a 55 per cent year-on-year fall in profits in the first quarter, down to $1.1bn.

The news comes against a background of 14,000 staff being laid off earlier this month, as well as issues over deliveries and the recall of 4,000 Cybertruck vehicles.

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