Sales rise 2% to $25.5bn in the latest quarter but profits drop, as Elon Musk plans to donate tens of millions to TrumpEarnings at Tesla almost halved as discounts and price cuts pile pressure on the electric carmaker’s profit margins.The company, led by Elon Musk, has sought to drum up interest in its plans for robotaxis, artificial intelligence and “genuinely useful” humanoid robots as deliveries slipped amid cooling demand. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/jul/23/tesla-quarterly-earnings-elon-musk
Author : Callum Jones in New York
Publish date : 2024-07-23 20:24:29
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Tesla earnings nearly halved as price cuts put pressure on profits
