Tesla stock slides 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 EV models by mid-2025. Despite a dip in vehicle deliveries compared to last year, Q2 deliveries improved from Q1. Analysts view the upcoming cheaper EV as a potential catalyst for sales growth. Tesla's energy storage deployment reached a record 9.4 GWh, more than double the previous quarter.

Keywords: Tesla, Q2 earnings, electric vehicles

Source: Yahoo Finance

Update At: 7/24/2024

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