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That’s compared to the year ago period. If you compare to last quarter it’s down 20%

• deleted 3y ago
  [deleted]
• jjulius 3y ago
  And just like BYD, Tesla's Q1 profit for this year was also down 24% from Q4 2022. https://www.macrotrends.net/stocks/charts/TSLA/tesla/gross-profit https://www.macrotrends.net/stocks/charts/TSLA/tesla/gross-p...
  • sixQuarks 3y ago
    Yes, but the point is Tesla reduced margins so they can continue growth (which they did), at the direct cost of competitors losing sales (which byd did).
    • wootland 3y ago
      Again, the article says that BYD is up 400% so they did not lose sales. If you have some data that contradicts the article, you should post it.
      • sixQuarks 3y ago
        Their sales have gone down 20% compared to last quarter. What more data do you need?
        • wootland 3y ago
          Quarter to quarter comparisons make absolutely no sense because sales are cyclical, hence why they're comparing to the same quarter last year from which they've demonstrated 400% year-over-year growth.
          • sixQuarks 3y ago
            400% growth is profit, not sales. Tesla grew sales quarter over quarter while BYD went down 20%.
            • wootland 3y ago
              And again, quarter over quarter comparisons make zero sense.
              • jjulius 3y ago
                Look at their comment history - they're a Musk/Tesla stan. There is no changing their view.