- Total News Sources
- 18
- Left
- 7
- Center
- 5
- Right
- 4
- Unrated
- 2
- Last Updated
- 99 days ago
- Bias Distribution
- 44% Left
Tesla Q2 Profit Decline, AI Focus, Raises Concerns
Tesla's second-quarter earnings report revealed a 45% drop in profits, missing Wall Street expectations and highlighting ongoing struggles in its core automotive business. Despite a 2% increase in revenue to $25.5 billion, largely due to its energy sector, Tesla's automotive revenue fell by 7% year-over-year. The company's heavy investment in AI and autonomous technology, including a postponed robotaxi unveiling, has raised concerns about overvaluation and speculative future payoffs. Analysts have downgraded Tesla, citing declining profit margins and increased competition in the EV market. Despite the setbacks, some analysts remain optimistic about Tesla's long-term prospects, especially in the AI and autonomous driving sectors.
- Total News Sources
- 18
- Left
- 7
- Center
- 5
- Right
- 4
- Unrated
- 2
- Last Updated
- 99 days ago
- Bias Distribution
- 44% Left
Open Story
Timeline
Analyze and predict the
development of events
Related Topics
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.