Tesla Profits Slide
6 articles from 6 countries
Tesla's second-quarter profits have declined despite revenue growth, falling short of Wall Street expectations. The company's stock price dropped as investors reacted to weaker-than-expected earnings and concerns over Elon Musk's pivot towards AI and robotics, impacting its electric vehicle business.
Tesla's EV profits slide as Musk pivots to AI, robotics
- Tesla's electric vehicle business profitability declined in the second quarter, falling short of expectations. - The company reported negative free cash flow for the first time in over two years due to increased spending on AI and robotics. - Despite lower profit margins and average selling prices, Tesla's vehicle deliveries hit a record high.
Tesla Shares Fall as Musk Defends Ambitious, Costly Expansion Plans
- Tesla reported weaker-than-expected second-quarter profits despite increased auto sales, with earnings per share at 33 cents against estimates of 53 cents. - The company's profitability was impacted…
ASX Set to Open Higher as Tesla Shares Plunge Amid Oil Price Surge
- The Australian share market is expected to open higher, while Wall Street closed down. - Tesla shares plunged due to negative cash flow reporting, and oil prices are near $US94 a barrel amid the Mid…
Tesla profits slide despite revenue growth as focus shifts to AI and robotics
- Tesla's profits declined in the second quarter despite revenue growth, falling short of Wall Street expectations. - The company's stock price dropped more than 3% in after-hours trading following th…
Tesla posts disappointing profit, stock falls
- Tesla reported second-quarter revenue of $28.2 billion, a 26% increase year-over-year, but its adjusted net profit fell 17% to $1.15 billion. - The electric vehicle maker's adjusted earnings per sha…
Tesla runs out of cash due to increased investments in AI and robotaxis
- Tesla reported negative free cash flow for the second quarter, the first time in over two years, due to increased investments in AI, battery capacity, and robotaxis. - The company's stock fell about…
