Tesla gross margin falls in fourth quarter

Tesla said on Wednesday its fourth-quarter gross margin shrank from a year earlier as it cut prices and offered incentives to boost demand for its electric vehicles. The company reported a gross margin of 17.6% for the three months ended December, compared with 23.8% a year earlier, and analysts' average estimate of 18.3% according to LSEG data.

In the third quarter, Tesla posted gross margin of 17.9%.

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