Tesla, Wall Street
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The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits fell sharply again in the latest quarter.
The fallout from Elon Musk's dive into politics a year ago is still hammering Tesla sales, as profits drop sharply in latest quarter.
There's a lot bundled into Tesla's market value. It has, for example, a distributed energy business that few (if any) competitors can match. Plus, it has a fledgling robotaxi division that some analysts think will be a $1 trillion opportunity on its own.
Tesla’s financial position is getting worse, as the fallout continues from CEO Elon Musk’s politics. The electric automaker reported Wednesday that both revenue and profits fell in the second quarter of the year compared to a year earlier.
13hon MSN
Tesla’s troubles continued Wednesday as the company reported a 23% drop in adjusted earnings for the second quarter, a fall that followed a record drop in sales in the same period. The company’s adjusted net income,