Tesla reports 45 percent decline in quarterly profit

Category: Business

Tesla's quarterly profit fell 45% to $1.48 billion amid increasing competition and production disruptions, despite a slight revenue increase. CEO Elon Musk announced delays in the launch of the fully autonomous robotaxi, now expected in October, while emphasizing the need for regulatory exemptions for operation.

Keywords: Tesla, profit decline, robotaxi

Source: Washington Post

Update At: 7/24/2024

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