institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

Tesla Profit Falls 16% as It Becomes ‘Toxic Brand’

UNITED STATES, JUL 24 – Tesla’s second-quarter profits fell 16 percent to $1.2 billion due to tax credit expiration, tariffs, and competition from cheaper electric vehicles, CEO Elon Musk warned of rough quarters ahead.

Summary by Transport Topics
The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter.

7 Articles

Lean Right

Tesla experienced the second decline in profits in a row. Elon Musk's electric car manufacturer earned $1.17 billion in the last quarter, 16 percent less than a year earlier. Dietmar Deffner and Holger Zschäpitz talk about this and other topics of the week.

·Dortmund, Germany
Read Full Article

The shares of the electric vehicle manufacturer Tesla plummeted by more than 9% in its first hour of opening of the New York Stock Exchange after announcing on Wednesday a fall of 16% in its profit in the second quarter of this year. With these results, Tesla already has two consecutive quarters where its profits have been reduced by its lower sales of vehicles both in the United States, China or Europe. Tesla reduced by 16% its profits in the s…

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Semafor broke the news in New York, United States on Thursday, July 24, 2025.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.