Tesla reports sharp decline in Q2 earnings: Revenue drops 12% as...

Dununu.com Dununu

Sponsor

Tesla reports sharp decline in Q2 earnings: Revenue drops 12% as Elon Musk-led EV giant faces 'rough quarters'; Here's all you need to know

RSS Feed Business

Posted

75

Tesla reported disappointing Q2 results, with revenue and profits declining due to reduced government support and softening demand. Despite launching a refreshed Model Y, deliveries dropped, and regulatory credit revenue plummeted. CEO Elon Musk anticipates a few challenging quarters ahead, attributing it to reduced EV tax credits.

Read Full Article

Please log in to like, share and comment!

Russia seizes two villages in central Ukraine; raids kill 6

By 0 9

'My hand was hanging by a thread': Indian-origin man Saurabh Anand attacked by teen gang with a machete in Melbourne

Saurabh Anand, an Indian-origin man, was brutally attacked by a teen machete gang in Melbourne,...

By 0 9

Pope receives high-ranking Russian Orthodox cleric

Pope Leo XIV held a first meeting on Saturday with a senior Russian Orthodox cleric at the...

By 0 9

Behind deadly clashes, a bitter spat between 2 dynastic leaders

By 0 11

What happened to UAE’s Iceberg Project? The ambitious plan to haul a colossal Antarctic iceberg to the coast of Fujairah

The UAE’s ambitious plan to tow a giant Antarctic iceberg for fresh water has stalled with...

By 0 9