Tesla's profit drops 45% as sales decline despite price cuts

Jul 23, 2024 · Tesla said it posted record quarterly revenue "despite a difficult operating environment." The company’s energy-storage business took in just over $3 billion in revenue, …

45%
OFF

Tesla's Profit Drops 45% As Sales Decline Despite Price Cuts

2 weeks from now

Jul 23, 2024 · Tesla said it posted record quarterly revenue "despite a difficult operating environment." The company’s energy-storage business took in just over $3 billion in revenue, …

ktvu.com

45%
OFF

Tesla's Second-Quarter Profit Falls 45% To $1.48 Billion

2 weeks from now

Jul 23, 2024 · Tesla's Second-Quarter Profit Falls 45% to $1.48 Billion But Revenue Up 2% in Q2 to $25.5 Billion Tesla said it posted record quarterly revenue “despite a difficult operating …

ttnews.com

45%
OFF

Tesla's 2Q Profit Falls 45% As Sales Drop - The Seattle Times

2 weeks from now

Jul 23, 2024 · Tesla said it posted record quarterly revenue “despite a difficult operating environment.” The company’s energy-storage business took in just over $3 billion in revenue, …

seattletimes.com

$3
OFF

Tesla Profits Down By Almost Half Amid Slump In Electric Car Sales

2 weeks from now

Tesla said it posted record quarterly revenue “despite a difficult operating environment”. The company’s energy-storage business took in just over $3 billion in revenue, double the amount …

thetimes.com

45%
OFF

Tesla’s 2Q Profit Falls 45% To $1.48 Billion As Sales Drop ... - The Hill

2 weeks from now

Jul 23, 2024 · DETROIT (AP) — Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low …

thehill.com

45%
OFF

Tesla's 2Q Profit Falls 45% To $1.48 Billion As Sales Drop Despite ...

2 weeks from now

The company’s widely watched gross profit margin, the percentage of revenue it gets to keep after expenses, fell once again to 18%. A year ago it was 18.2%, and it peaked at 29.1% in the first …

cbsnews.com

43%
OFF

Tesla Stock: Earnings Fall 43% In 'Difficult Operating Environment ...

2 weeks from now

Jul 24, 2024 · Tesla reported Tuesday it "achieved record quarterly revenues despite a difficult operating environment." Meanwhile, Tesla's gross margins fell 23 basis points to 18%.

investors.com

45%
OFF

Tesla's Profit Falls 45% As Sales Drop Despite Price Cuts And Low ...

2 weeks from now

Jul 24, 2024 · Tesla has announced record quarterly revenue "despite a difficult operating environment." The firm's energy-storage business raked in just over $3 billion in revenue, …

mirror.co.uk

45%
OFF

Tesla Profit Dips 45% In A ‘difficult Operating Environment’

2 weeks from now

Jul 23, 2024 · Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric-vehicle sales tumbled despite price cuts and

mckinneynewssource.com

FAQs about Tesla's profit drops 45% as sales decline despite price cuts Coupon?

Did Tesla post record quarterly revenue despite a difficult operating environment?

Tesla said it posted record quarterly revenue “despite a difficult operating environment.” The company’s energy-storage business took in just over $3 billion in revenue, double the amount in the same period last year. Shares of Tesla fell 2.5% in trading after Tuesday’s closing bell. ...

How did Tesla perform in the first quarter of 2022?

Tesla's profit margin peaked at 29.1% in the first quarter of 2022. The company's energy-storage business took in just over $3 billion in revenue, double the amount in the same period last year, and Tesla posted record quarterly revenue despite a difficult operating environment. ...

How did Tesla perform despite a difficult operating environment?

Tesla reported Tuesday it "achieved record quarterly revenues despite a difficult operating environment." Meanwhile, Tesla's gross margins fell 23 basis points to 18%. Auto gross margins, excluding regulatory credits and leases, came in at 15.1%, inline with analyst expectations, according to FactSet. ...

How did Tesla's earnings compare to Wall Street's 61 cents a share?

Analysts had predicted Tesla would report earnings of 61 cents a share with sales sliding to $24.54 billion, according to FactSet. However, Wall Street saw revenue increasing slightly to $25.05 billion. Tesla reported Tuesday it "achieved record quarterly revenues despite a difficult operating environment." ...

What is Tesla's profit margin?

Tesla's widely watched gross profit margin, which is 18%, fell once again in Q2. A year ago it was 18.2%, and it peaked at 29.1% in the first quarter of 2022. Despite a difficult operating environment, Tesla posted record quarterly revenue. ...

How did Tesla perform in the second quarter?

Tesla's second quarter performance showed a 45% fall in profit to $1.48 billion. Revenue rose 2% to $25.5 billion, beating estimates. However, excluding one-time items, Tesla made 52 cents per share, below analyst expectations of 61 cents. Shares of Tesla fell about 8% in trading after Tuesday’s closing bell. ...