AIAutocarabout 3 hours ago
Tesla profits drop as tech pivot stalls
3 min read
Tesla's second-quarter profits fell sharply as the average selling price of its cars slumped. Operating margin dropped to 1.4% for the quarter ending June, down from 4.1% a year earlier, despite delivering 451,758 cars, up 10%. The Cybercab roll-out in Austin, Texas, has faced delays.
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