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Tesla Reports Falling Profit as Car Sales Slow
Tesla has offered low-interest loans and other incentives to try to revive sales, but these efforts have depressed the company’s profits. Tesla’s newest model, the Cybertruck pickup, has been a flop. The company sold 4,300 Cybertrucks in the second quarter, according to Cox Automotive, a 50 percent decline from a year earlier.
Tesla Shares Fall on Sharp Decline in 2Q Profit, EV Sales
Shares of Tesla fell Thursday, a day after the company said electric vehicle sales continued to decline. Chief Executive Elon Musk said on the earnings call that the EV business is slumping while its autonomous vehicle business hasn't taken off yet.
A solid earnings season shows Corporate America’s profit engine is humming along, potentially easing worries that the ...
Cipher Mining sees growth in HPC hosting but faces high costs, cash flow struggles, and regulatory risks. Discover why it's ...
Tesla revenue dropped 12%, and profits slumped 16% in the three months through June as buyers continued to steer clear, and ...
Charter Communications Inc. shares tumbled after the company reported it lost more internet customers than expected during ...
India's SBI Cards and Payment Services reported first-quarter profit below expectations on Friday, weighed by a surge in the ...
General Motors' profit and revenue declined in its second-quarter but the automaker's results managed to easily top Wall ...
HCA Healthcare and Tenet Healthcare, for-profit chains that collectively own 240 hospitals, both said their revenue and ...
Steel Authority of India reported a rise in first-quarter profit on Friday, helped by a marginal rise in steel prices due to ...
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Daniel Roper allegedly lost money while executing more than 20,000 trades in a little more than a year in an account he ...
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