Tesla's second-quarter net income fell 45% compared with a year ago as the company's global electric vehicle sales tumbled despite price cuts and low-interest financing.
Tesla 's second-quarter net income fell 45% compared with a year ago as the company's global electric vehicle sales tumbled despite price cuts and low-interest financing.The Austin, Texas, company said Tuesday that it made $1.48 billion from April through June, less than the $2.7 billion it made in the same period of 2023. It was Tesla 's second-straight quarterly net income decline.Second quarter revenue rose 2% to $25.5 billion, beating Wall Street estimates of $24.
The company says it cannot drive itself and human drivers must be ready to intervene at all times.For many years Musk has said the system will allow a fleet of robotaxis to generate income for the company and Tesla owners, making use of the electric vehicles when they would have been parked. Musk has been touting self-driving vehicles as a growth catalyst for Tesla since 'Full Self Driving' hardware went on sale late in 2015. But in investigative documents, the U.S.
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