(New York) Tesla saw its net profit fall sharply in the first quarter despite a significant increase in sales, the decision to lower the prices of its electric vehicles to inflate demand weighing on its profitability.

The group led by Elon Musk saw its turnover climb by 24% over the period, to reach 23.3 billion dollars, but its net profit at the same time plunged by 24% to 2.5 billion.