Reported 1 day ago
Tesla reported second quarter earnings that fell below Wall Street's expectations, with adjusted earnings of $0.40 per share and revenue of $22.5 billion, missing estimates of $0.42 and $22.64 billion, respectively. Free cash flow also disappointed, although gross margins exceeded expectations at 17.2%. The company is focusing on future products, including a more affordable vehicle and plans to launch its Cybercab by 2026, amidst increasing competition in the EV market.
Source: YAHOO