Tesla reports disappointing earnings for second quarter as revenue rises 2%

Tesla reported weaker-than-expected earnings for the second quarter as automotive sales dropped for a second straight period.

Earnings per share: 52 cents vs 62 cents expected, per LSEG consensus estimates.

Revenue: $25.50 billion vs. $24.77 billion expected by LSEG

Revenue increased 2% from a year earlier, but automotive sales dropped 7%.

Source: https://www.cnbc.com/2024/07/23/tesla-tsla-earnings-q2-2024.html