🚗 Automotive
2d ago
Cheap cars hit Tesla profits as tech pivot stalls
Source ↗
👁 0
💬 0
Cybercab roll-out in Austin, Texas, has faced delays
Tesla's second-quarter profits slumped – despite it selling 10% more cars than a year ago
Tesla's long-promised transition from car-making giant to AI-driven tech titan has suffered a setback, as returns on the firm’s core vehicle line-up continue to erode.
The company reported a sharp drop in profits for the second quarter this year, after the average selling price of its cars slumped. The operating margin dropped to just 1.4% for the quar
Tesla's second-quarter profits slumped – despite it selling 10% more cars than a year ago
Tesla's long-promised transition from car-making giant to AI-driven tech titan has suffered a setback, as returns on the firm’s core vehicle line-up continue to erode.
The company reported a sharp drop in profits for the second quarter this year, after the average selling price of its cars slumped. The operating margin dropped to just 1.4% for the quar
Comments (0)