Tesla profit plunges in 2nd quarter
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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.
Musk said that half the US population could have access to a Tesla robotaxi by the end of 2025. That’s a huge leap from the company’s current limited rollout.
The company reported the steepest decline in quarterly revenue in more than a decade, with a 12% fall, as it battles strong competition from cheaper electric vehicles and a backlash against CEO Elon Musk’s political views.
Tesla Diner, 7001 W. Santa Monica Blvd., Los Angeles. Open 24 hours per day, seven days per week. This story has been updated.
The Tesla diner and drive-in had a surprise opening on Monday, serving a mix of milkshakes and charging stations
Adam Jonas from Morgan Stanley asked Elon Musk if he was "comfortable" in moving Tesla deeper in real-world AI applications while only having a 13% stake in the company. That's a "major concern for me,
The CEO is already eyeing expansion for his Tesla Diner dishing merchandise and food served by Optimus robots.