Tesla's Profit Plunges Again
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Southwest, Deep Cuts and Profit Outlook
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General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall Street’s expectations and the company stuck by its full-year financial outlook that it lowered in May.
South Korean battery firm LG Energy Solution's operating profit more than doubled in the second quarter, driven by front-loaded demand as some customers stockpiled batteries ahead of potential U.S. tariffs,
Elon Musk's electric-vehicle maker reported a 12% drop in quarterly revenue, and a steeper decline in net income. + Musk highlighted plans to release a lower-priced Model Y electric vehicle, spoke about his hopes for a new pay package and talked up plans to roll out Tesla robotaxis more widely.
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