The company said it made $1.48 billion from April through June, less than the $2.7 billion it made in the same period of 2023. It was Tesla's second-straight quarterly net income decline.
Big declines in TSLA profitability this past quarter.
They have competition in the US now. KIA and Hyundai are the number one sellers in the past few months. The Ionic 5 is was the best selling EV in the US in Q2, for instance.
Lower sales and lower sales price will do that. In the US Tesla still has no competition but it is a different story in the rest of the world
They have competition in the US now. KIA and Hyundai are the number one sellers in the past few months. The Ionic 5 is was the best selling EV in the US in Q2, for instance.