Today’s news / Tesla delivers disappointing profit – stock falls
Elon Musk is the CEO of Tesla, which reported its quarterly results on Wednesday. (Archive photo). Photo: Dado Ruvic/Reuters

Tesla delivers disappointing profit – stock falls

Tesla’s second-quarter financial results did not live up to analysts’ expectations. The electric car manufacturer generated $28.2 billion in second-quarter revenue, 26 percent higher than the same period last year. However, Tesla delivered an adjusted net profit of $1.15 billion, a 17 percent...

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