Tesla stock slides 10% after company reports mixed Q2 results, says 'affordable' EVs on track for 2025 debut

Category: Automotive

Tesla reported Q2 revenue of $25.05 billion, slightly exceeding expectations, but adjusted EPS fell short. The company is on track to produce new, more affordable EVs by mid-2025 and plans to unveil its robotaxi on October 10. Despite a 5% drop in vehicle deliveries year-over-year, Q2 deliveries improved significantly from Q1, indicating a potential positive shift in demand. Tesla also achieved a record 9.4 GWh of battery energy storage deployment in Q2.

Keywords: Tesla, Q2 earnings, electric vehicles

Source: Yahoo Finance

Update At: 7/24/2024

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