profit

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

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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

Spotify stock jumps after reporting record profit, strong guidance amid turnaround plan

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Spotify stock jumps after reporting record profit, strong guidance amid turnaround plan

Spotify technology (STAIN) reported fiscal second-quarter results on Tuesday that beat expectations as the audio giant reported record profit, gross margin and free cash flow in the quarter following its recent “efficiency strategy”.. Revenue came in line with estimates while monthly active user metrics disappointed, both investors shrugged off as the stock rose more than … Read more