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Tesla Share Performance Update
Tesla (NASDAQ: TSLA) shares have seen significant increases, climbing 186% over the past five years and an astounding 2,710% over the past ten years, as of October 10, 2023. However, the current automotive gross margin for Tesla was reported at 17.2% for Q2, a decline from 28.5% last year, indicating pressures in Tesla’s core electric vehicle operations.
The company, which once dominated the electric vehicle market, now faces increased competition from both domestic and international manufacturers, signaling a more challenging growth landscape for the next decade. In response to market dynamics, Tesla has also implemented price cuts to boost demand.
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