US EditionTesla's 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
- Tesla’s second-quarter net income decreased by 45% to $1.48 billion, down from $2.7 billion in 2023, due to falling global electric vehicle sales despite price cuts and low-interest financing.
- Tesla sold 443,956 vehicles from April to June, a decline of 4.8% from the previous year, indicating weakening demand for its products.
- Tesla's shares dropped over 8% after the announcement, adding to a year-to-date loss of more than 40%, with the company reporting $622 million in restructuring expenses.
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Tesla's 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
Tesla's second-quarter net income fell 45% compared with a year ago as the company's global electric vehicle sales tumbled despite price cuts and low-interest financing. The Austin, Texas, company said Tuesday that it made $1.48 billion from April through June, less than the $2.7 billion it made in the same…
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Total News Sources60
Leaning Left17Leaning Right3Center17Last UpdatedBias Distribution46% Left, 46% Center
Bias Distribution
- 46% of the sources lean Left, 46% of the sources are Center
46% Center
L 46%
C 46%
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