Tesla's 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
apnews.com
The company said 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.

Big declines in TSLA profitability this past quarter.

  • buzz86us@lemmy.worldEnglish
    31·
    4 months ago

    I was into the Cybertruck until Elon dropped the $40k trim… I really wanted a basic truck that was viable as a daily driver.

    • breadsmasher@lemmy.worldEnglish
      2·
      4 months ago

      Watching musk over the years running his companies into the ground, I always assumed that trim would never materialise

      • buzz86us@lemmy.worldEnglish
        1·
        4 months ago

        Well he bought Maxwell batteries for their dry coat process, but it isn’t scaling well