Tesla records $23.32 Bn in revenue for Q1 2023, Musk says it could roll out full self-drive tech this year

Tesla’s operating cash flow dropped by 37% annually to $2.51 billion, while its diluted earnings per share (EPS) clocked a YoY decrease of 23% to drop to $0.73/share.

Tesla’s performance in the first quarter of the year narrowly missed Wall Street estimates, even though it clocked a rise in its sales due to the steep price cuts of its four EVs. For the first quarter of the year, the automaker recorded $23.32 billion in revenue – an annual increase of 24% – on the back of its price-cutting spree.

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