The New York Times·1 min read·easy
Tesla Profit Falls Even as Car Sales Rebound
✦AI Summary
Tesla reported a decline in second-quarter net profit to $1.1 billion, down from $1.2 billion the previous year, despite an increase in vehicle sales. The company is facing margin pressure as it sells more cars but earns less profit per unit.
Tesla reported a decline in quarterly profit Wednesday as the company sold more electric cars but made less money on each sale. Net profit in the second quarter was $1.1 billion, Tesla said, compared with $1.2 billion a year earlier. Sales rose sharp... [1330 chars]
businesstechnology
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in