Heard on the Street: There was no sign of Tesla’s price war in Mercedes-Benz's results
There was no sign of Tesla ’s price war in first-quarter results from Mercedes-Benz , but investors are still betting a tougher market will catch up with the luxury brand.
Mercedes-Benz reported an operating margin of 14.8% in its flagship car division, among other quarterly highlights, after the market closed on Thursday. The surprise numbers came ahead of its scheduled quarterly results day on April 28, in line with German law that requires it to release results early if they are substantially different from the analyst consensus.
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