Tesla, Elon Musk
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Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.
Tesla posted a 16% profit drop and a 12% revenue slide as EV demand weakens, tax credits vanish, tariffs bite, and Musk admits the pain may last for quarters to come.
Tesla stock came under pressure Thursday after it posted an earnings and revenue miss in the second quarter and CEO Elon Musk hinted at a "few rough quarters" amid mounting challenges for the automaker.
Tesla CFO cautions Trump's regulatory changes may impact EV giant's inventory amid limited supply in US; urges customers to order now.
CFO Vaibhav Taneja highlighted “near-term challenges” due to regulatory and tariff impacts, as the EV maker reported a 12% slide in revenue for its second quarter.
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Cyprus Mail on MSNU.S. government policy changes on regulatory credits bound to impact Tesla profitsExperts say new legislation are making EVs less competitive and Tesla risks losing revenue from the credits as well as market share
Musk's electric vehicle maker posted the worst quarterly sales decline in more than a decade and profit that missed Wall Street targets, but its profit margin on making cars was better than many feared.
Tesla faces challenges with declining electric vehicle sales and delays in its autonomous driving business. CEO Elon Musk's promises of robotaxi services face regulatory hurdles in key states, leading to investor scrutiny and stock declines.
July 24 - Tesla (NASDAQ:TSLA) stock slid more than 6% in premarket trading Thursday, extending losses that began during the company's earnings call. The electric?vehicle maker reported second?quarter revenue of $22.