It was the fourth consecutive miss for the electric-vehicle maker, with adjusted earnings of 52 cents a share falling short of the analyst estimate of 60 cents, while revenue increased to $25.5 billion, above the expected $24.6 billion.
Tesla's focus remains on cost-cutting strategies and reiterated expectations of a 'notably lower' growth rate for 2024 between 'growth waves,' leading to a 3.6% drop in shares post-earnings report.
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