Hey Strangers,

#tesla #Bad

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-interest financing.

The Austin, Texas, company said Tuesday that it made $1.48 billion from April through June, less than the $2.7 billion it made in the same period of 2023. It was Tesla’s second-straight quarterly net income decline.

Second quarter revenue rose 2% to $25.5 billion, beating Wall Street estimates of $24.54 billion, according to FactSet. 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. The shares had been down more than 40% earlier in the year, but have since recovered most of the losses.

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Something Strange

https://www.youtube.com/watch?v=GRjVc2TZqN4&t=4s

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article links:

https://apnews.com/article/tesla-earnings-second-quarter-sales-decline-8bdd0d655cddde90f534b41fd87edc4a

https://fortune.com/2024/02/27/flirted-death-elon-musk-boring-company-employees-injuries-osha-citations/

https://www.theverge.com/2024/7/23/24204794/tesla-robotaxi-elon-musk-earnings-fmvss-steering-wheel

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Today is for push-ups and Programming and I am all done doing push-ups

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Timeline

00:00 intro

00:27 What Talking We Talking About

08:23 Article

11:57 My Thoughts

15:00 outro

anything else?

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