Tesla’s Profit Fell 45% in the Second Quarter on Weak E.V. Sales
Source: New York Times
Tesla on Tuesday reported a 45 percent drop in profit in the three-month period between April and June, a result of the electric car company’s sluggish sales.The automaker said it earned $1.5 billion in the second quarter of the year on revenue of $25.5 billion. In the second quarter of 2023, Tesla made $2.7 billion and had revenue of $24.9 billion.The company’s current operating profit margin, a measure of how…
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