Tesla’s Q2 Profit Plunge: Musk Addresses Regulatory Headwinds and AI Ambitions Amid EV Slump
Tesla’s Q2 Profit Plunge: Musk Addresses Regulatory Headwinds and AI Ambitions Amid EV Slump Tesla reported a significant 16% drop in its second-quarter net income, continuing a challenging period for the electric vehicle giant. The decline comes despite CEO Elon Musk’s renewed focus on his companies, following his controversial involvement in the Trump administration’s government cost-cutting efforts. This profit slide follows a 13.5% year-on-year drop in EV sales for the quarter, though it represents a less severe decline compared to…