Tesla's Q2 profit falls 45 percent to $1.48 billion as sales drop

DETROIT, Michigan: Tesla reported a 45 percent drop in second-quarter net income compared to the previous year, as global sales of its electric vehicles declined despite price cuts and low-interest financing.

The Austin, Texas-based company announced that it earned $1.48 billion from April through June, down from $2.7 billion in the same period of 2023. This marks Tesla's second consecutive quarterly decline in