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Tesla Q2

Tesla Q2 latest

Tesla earnings decline 45% following price drops and lower EV sales
July 23rd, 2024 - 10:03 GMT

Tesla earnings decline 45% following price drops and lower EV sales

ALBAWABA - Due to the impact of price reduction while investing heavily on artificial intelligence and other technologies, Tesla revealed a severe decline in earnings for the second quarter on Tuesday. The company's net income dropped by 45% to $1.48 billion. To encourage demand, Tesla provided discounts and other incentives, such as subsidized financing arrangements, in China and the United States throughout the quarter, causing the company's adjusted profits margin ...
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