Tesla’s profit fell 45% in the second quarter on weak sales of electric cars

Tesla's profit fell 45% in the second quarter on weak sales of electric cars

Tesla on Tuesday reported a significant drop in profit in the three-month period between April and June, a result of the electric car company’s sluggish sales. The automaker said it earned $1.5 billion in the year’s second quarter on revenue of $25.5 billion. In the second quarter of 2023, Tesla earned $2.7 billion and had … Read more

Tesla shares fall after company reports mixed second-quarter results, says ‘affordable’ electric cars on track for 2025 debut

Tesla shares fall after company reports mixed second-quarter results, says 'affordable' electric cars on track for 2025 debut

Tesla (TSLA) reported mixed results for the second quarter after hours on Tuesday, although the electric car maker said it was on track for production of new vehicles, likely a cheaper electric car, in the first half of 2025. Tesla also said its growth rate in 2024 would be “significantly lower” than it achieved in … Read more