Washington (EFE)
Tesla said this Wednesday that from January to March of this year its revenues amounted to 23,329 million dollars, 24% more than a year ago.
But the adjusted gross operating result (Ebitda) fell 15%, from 5,023 million dollars in the first quarter of 2022 to 4,627 million dollars in the same period this year.
In the first three months of 2023, Tesla produced 440,808 vehicles (19,437 Model S and Model X; and 421,371 Model 3 and Model Y). During that period, it delivered 422,875 vehicles.
Tesla will make further reductions in the prices of its vehicles
Tesla justified in a statement that its short-term pricing strategy takes into account the long-term profitability of the company’s vehicles and that it expects prices to continue “evolving, up or down, depending on a number of factors.” .
“Although we have implemented price reductions on many vehicle models in all regions in the first quarter, our operating margins have shrunk at a manageable pace. We look forward to future cost reductions for our vehicles,” the company added.
Operating margin fell from 19.2% a year ago to 11.4% in the first quarter of 2023.
In addition, the company now has about $22.402 million in cash, equivalents and investments.
The company also repeated that the plan for the manufacture of the Cybertruck pickup truck, one of Tesla’s most anticipated products that is years behind schedule, is on schedule and that it already has Alpha (pre-production) units of the model.
The financial results for the first quarter indicate that the company had 19,963 million dollars in income from its automotive activities, 1,529 million dollars from its energy generation and storage activity, and 1,837 million dollars from services and other items.