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Tesla bests fourth-quarter revenue targets at expense of profit margins

Tesla CEO Elon Musk expects to increase vehicle deliveries by 37 percent in 2023. Image credit: Tesla Tesla CEO Elon Musk expects to increase vehicle deliveries by 37 percent in 2023. Image credit: Tesla

 

U.S. automaker Tesla has come out slightly ahead of projected fourth quarter sales targets on Wednesday, Jan. 25, following a series of severe price cuts.