The carmaker led by billionaire Elon Musk has repeatedly slashed prices this year, denting profit.
Tesla says it has no plans to stabilise the prices of its popular electric vehicles, despite repeated price cuts denting its profits.
"We're not 'starting a price war', we're just lowering prices to enable affordability at scale," Mr Musk wrote on his social media platform, Twitter, earlier this month. But profit in the same period dropped 24% from a year earlier, to $2.5bn , affected by the price cuts and higher costs for raw materials and other commodities.
He told investors that over the long term profits would remain strong, noting that the firm's bottom line could be boosted after cars are sold using ongoing subscription payments for super charging, self-driving and other features.
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