Tesla Earnings: Profits Fall For 4th Straight Quarter As Bottom Line Headaches Linger

Category: Finance

Tesla's stock declined after a better-than-expected earnings report, continuing a trend of profit growth slumps. Despite delivering 444,000 vehicles in Q2, the adjusted earnings per share fell over 40% compared to the previous year. Analysts predict a return to positive growth by Q4 2024, but not before 2026 for record profits. CEO Elon Musk's political endorsements may also impact the company's future.

Keywords: Tesla, stock market, earnings report

Source: Forbes

Update At: 7/24/2024

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