The Austin, Texas, company said Tuesday that 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.
Second quarter revenue rose 2% to $25.5 billion, beating Wall Street estimates of $24.54 billion, according to FactSet. Excluding one time items, Tesla made 52 cents per share, below analyst expectations of 61 cents.
Earlier this month Tesla said it sold 443,956 vehicles from April through June, down 4.8% from 466,140 sold the same period a year ago. Although the sales were were better than the 436,000 that analysts had expected, they still were a sign of weakening demand for the company’s aging product lineup.
هذه القصة مأخوذة من طبعة July 27, 2024 من Techlife News.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 27, 2024 من Techlife News.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
AI MAY NOT STEAL MANY JOBS AFTER ALL.IT MAY JUST MAKE WORKERS MORE EFFICIENT
Imagine a customer-service center that speaks your language, no matter what it is.
Music
ON THE BEAT WITH NEW FEATURES AND FRESH COMPETITION
CALIFORNIA LAWMAKERS APPROVE LEGISLATION TO BAN DEEPFAKES, PROTECT WORKERS AND REGULATE AI
California lawmakers approved a host of proposals this week aiming to regulate the artificial intelligence industry, combat deepfakes and protect workers from exploitation by the rapidly evolving technology.
YOU USE SPOTIFY TO LISTEN TO MUSIC.HERE'S HOW MONEY FROM ADS AND SUBSCRIPTION FEES FLOWS TO ARTISTS
Every day, millions of people use Spotify to stream music.
ROBOT WAITERS IN KENYA CREATE A BUZZ.BUT THERE ARE CONCERNS ABOUT WHAT IT MEANS FOR HUMAN LABOR
Children giggle as young people flash their smartphones to film robots carrying plates of freshly prepared meals on their inbuilt trays to deliver to diners in a busy eatery in Kenya's capital.
SPORTS BOATS SET OUT ON A VOYAGE TO ELECTRIFY THE WATERS IN THE SAME WAY TESLA ELECTRIFIED THE ROADS
Grant Jeide looked like another dude riding the rollicking waves left in the wake of a 23-foot (7-meter) boat ripping through the water at speeds of up to 40 miles per hour on a river in Northern California’s Delta earlier this summer.
HYUNDAI UNVEILS 2025 ELECTRIC SUVS AIMING FOR BROADER APPEAL WITH IMPROVED RANGE, CHARGING OPTIONS
Despite slowing U.S. electric vehicle sales, Hyundai this week rolled out the 2025 versions of its Ioniq 5 electric SUV with improved battery range and charging aimed at broadening the appeal of vehicles to be built at a massive new Georgia factory.
HOW DO YOU KNOW WHEN AI IS POWERFUL ENOUGH TO BE DANGEROUS? REGULATORS TRY TO DO THE MATH
How do you know if an artificial intelligence system is so powerful that it poses a security danger and shouldn't be unleashed without careful oversight?
EVEN DOLLAR STORE CHAINS ARE SEEING A PULLBACK IN SPENDING AS HIGHER PRICES SQUEEZE MORE CONSUMERS
Dollar Tree is slashing its full-year earnings and sales forecasts as its customers continue to struggle with higher prices and spend less.
ESPN NETWORKS, ABC AND DISNEY CHANNELS GO DARK ON DIRECTV ON A BUSY NIGHT FOR SPORTS 7
ESPN has gone off the air on a major carrier for the second straight year during the U.S. Open tennis tournament and in the midst of the first full weekend of college football.
