Tesla reports 7% drop in auto revenue as earnings fall short of Wall Street estimates
Publishing timestamp: 2024-07-23 16:00:01
Summary
Tesla reported a 2% increase in annual revenue for the second quarter, but earnings per share fell below Wall Street estimates. The stock slid more than 8% in extended trading. CEO Elon Musk announced plans for a robotaxi unveiling event and discussed the company's self-driving technology. Despite remaining the top seller of electric vehicles in the U.S., Tesla is losing market share to competitors. Musk has also been in the headlines for his political views.
Sentiment: MIXED
Tickers: TSLA,
Keywords: elon musk, autos, tesla inc, business news, alphabet inc, earnings, venture capital, breaking news: earnings, breaking news: technology, technology,
Source: https://www.cnbc.com/2024/07/23/tesla-tsla-earnings-q2-2024.html