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Electric vehicle giant Tesla reported a 37% drop in quarterly profit, despite selling more cars than expected. The decline in profitability was largely attributed to the company's decision to cut prices on its popular models, which resulted in lower revenue per vehicle. In an effort to boost sales and remain...

In a timely boost to its sales, Tesla saw its car deliveries rise 7% in the quarter, largely driven by a surge in demand for electric vehicles in the United States. The uptick in sales came as Republicans in Congress voted to end a $7,500 federal tax credit for electric...