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Tag: Tesla Earnings

Tesla Shares Plummet, Elon Musk’s Fortune Dips $17 Billion After Q2 Warning

Tesla Shares Plummet, Elon Musk’s Fortune Dips $17 Billion After Q2 Warning

Tesla Shares Plummet, Elon Musk’s Fortune Dips $17 Billion After Q2 Warning Shares of electric vehicle giant Tesla experienced a significant plunge on Thursday, leading to an estimated $17 billion reduction in Elon Musk’s net worth. The sharp decline followed the company’s second-quarter report on Wednesday, which revealed the largest quarterly revenue drop in over a decade and a nearly $600 million loss in automotive regulatory credits. During the earnings call, Musk cautioned investors that Tesla could face “a few…

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Tesla’s Q2 Earnings Plunge Amid Brand Fallout, Musk Pushes Ambitious Robotaxi Vision

Tesla’s Q2 Earnings Plunge Amid Brand Fallout, Musk Pushes Ambitious Robotaxi Vision

Tesla’s Q2 Earnings Plunge Amid Brand Fallout, Musk Pushes Ambitious Robotaxi Vision Tesla Inc. has reported a significant downturn in its second-quarter earnings, with both revenue and profits falling for the second consecutive quarter. The electric vehicle giant announced Wednesday that revenue for the three months ending June 30 plummeted 12% year-over-year to $22.5 billion, while earnings per share dropped 23% to $0.40, missing analyst expectations. The financial slide comes amid ongoing brand damage attributed to CEO Elon Musk’s political…

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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’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…

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Market Focus Shifts to Megacap Tech Earnings Amidst S&P 500’s Record Run

Market Focus Shifts to Megacap Tech Earnings Amidst S&P 500’s Record Run

Market Focus Shifts to Megacap Tech Earnings Amidst S&P 500’s Record Run As the S&P 500 continues its remarkable ascent, notching its 11th closing record of 2025 this week, investor attention is now squarely fixed on the impending earnings reports from tech giants Alphabet and Tesla. These highly anticipated releases, expected after the bell today, July 23, mark the unofficial start of earnings season for the megacap technology sector, a group whose performance has significantly influenced market direction in recent…

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