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company s income and earnings both fell by more than 20% in the past quarter compared to the past quarter compared to the same period last year. it is a big number but not totally unexpected because the company been slashing prices of its top selling cars over the past year. more from new york. bringing in 20% less income is well, not good, what has helped the electric car maker is that it warned wall street this was coming. so it didn t come as a complete surprise, given tesla cut prices on its top selling cars several times last year, and in fact did it again this week. tesla is grappling with higher borrowing costs for consumers, slowing demand for their cars and so much more competition in the electric car market. the price cuts did the trick, the company saw a 36% jump trick, the company saw a 36% jump in deliveries, but the price cuts also mean that the profit margins on each car sold have gotten smaller. staying with the car sector because jaguar land rover is in ....
by more than 20% in this past quarter compared to the same time last year. it is a big number but not totally unexpected because the company has been slashing prices of its top selling vehicles over the past year. top-selling vehicles over the past year- top-selling vehicles over the ast ear. :: , ,, past year. bringing in 20% less income is past year. bringing in 20% less income is well, past year. bringing in 20% less income is well, not past year. bringing in 20% less income is well, not good. - past year. bringing in 20% less j income is well, not good. what helps the electric car maker however is that it warned wall street this was coming. so it didn t come as a complete surprise, giving tessa cut prices on its top selling cars several times last year. in fact did it again this week. tesla is grappling with higher borrowing costs for consumers, slowing demand for their cars and so much more competition in the electric car market. the price cuts did the tri ....
Profit margins on each car sold have gotten smaller. staying with the car sector because jaguar land rover is investing $19 billion to ramp up its ev production. the investment will be made over the course of five years and the plan includes turning the plant in the uk into an all electric manufacturing facility. the british luxury car maker is also planning for a new all electric range rover that will be due in 2025. it is owned by india s company. a major chipmaker asml has reported its third quarter earnings, and posted a jump third quarter earnings, and posted ajump in third quarter earnings, and posted a jump in profits, beating analyst expectations. it is also due to report its results later today and be watching if there are any signs of recovery they are. after enjoying a boom during the covid 19 lockdown enjoying a boom during the covid 19lockdown period, the semiconductor company warned of a gloomy outlook late last year but as our asia business ....
Gotten smaller. margins on each car sold have gotten smaller. let s stay with the car sector gotten smaller. let s stay with the car sector because - gotten smaller. let s stay with the car sector because jaguarl the car sector because jaguar land rover are investing $90 billion to ramp up its production. the investment will be made over a quarter of five years in the plan includes churning the hail would plant to the uk into in all electric manufacturing facility. the british luxury car maker is also planning for a new all electric range rover that will be due in 2025. jaguar land is owned by india s company. now to the tech sector because major chip maker asm l has reported its first quarter earnings and posted a three fold jump in net profit and beating analyst expectations. taiwan also do to report its quarterly earnings today and we will be watching to see if there are any signs of recovery there. after enjoying a boom during the covid i9 lockdown period, semiconductor companie ....