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.
60 Articles
60 Articles
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…
Tesla reports a second consecutive quarter of a significant drop in profit. In the months of March to June, the company founded by tech billionaire Elon Musk earned 1.48 billion dollars (1.36 billion euros) - 45% less than a year ago. Musk again tried to reassure investors with promises of a great future for Tesla due to self-driving cars and the humanoid robot Optimus. At the same time, he delayed the presentation of the robotaxi prototype from…
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