Tesla slides after Q2 results, what happend?
Generated by AI AgentAinvest Market Brief
Wednesday, Jul 24, 2024 9:25 pm ET1min read
TSLA--
EV giant Tesla (TSLA) announced its latest financial report on Wednesday, with second-quarter performance falling short of expectations. Total revenue for the second quarter was $25.5 billion, up 2% from the same period last year; net profit was$1.478 billion, down 45% year-over-year, leading to a significant drop in its stock price, which closed down 12% today.
Meanwhile, Musk also confirmed during the second-quarter earnings call that the planned release of the Robotaxi on August 8 will be postponed to October 10 this year for its official launch.
Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.
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