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Tesla Shares Fall on Sharp Decline in 2Q Profit, EV Sales
Shares of Tesla fell Thursday, a day after the company said electric vehicle sales continued to decline. Chief Executive Elon Musk said on the earnings call that the EV business is slumping while its autonomous vehicle business hasn't taken off yet. "We probably could have a few rough quarters. I'm not saying we will, but we could," Musk said.
Tesla Reports Falling Profit as Car Sales Slow
Tesla has offered low-interest loans and other incentives to try to revive sales, but these efforts have depressed the company’s profits. Tesla’s newest model, the Cybertruck pickup, has been a flop. The company sold 4,300 Cybertrucks in the second quarter, according to Cox Automotive, a 50 percent decline from a year earlier.
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Tesla said on Wednesday it has built initial versions of an affordable car, a move likely meant to stem the steep decline in ...
Tesla saw a 17% growth in its services business, but it was not enough to close the gap in falling EV sales, fewer regulatory ...
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Tesla's registrations in the West Coast state fell more than 20% in the second quarter compared with the previous year, ...
Tesla’s sales plunge over the last 18 months has been a stunning turn for a company that recorded only one quarterly ...
Tesla is facing stiffer competition globally from electric vehicle players, especially low-cost competitors from China.
Tesla (TSLA) sales are down 21% in California, the largest EV market in the US, and this decline is dragging the entire EV ...
Elon Musk is taking steps to expand his autonomous ride-hailing service to the Bay Area, according to a Business Insider ...
Tesla said on Wednesday it has built initial versions of an affordable car, a move likely meant to stem the steep decline in ...
Tesla’s Q2 sales decline is its worst this decade, but there is one bright spot. The company's energy storage business is ...
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