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Ishares S&P 500 Growth Etf Newsroom
Tesla's Q2 profits dropped significantly to two digits, falling far short of expectations. Robotaxi's launch has been postponed and the stock fell more than 8% after hours.
In Q2, tesla's total revenue increased by 2%, with energy business revenue doubling and achieving a new high, while automotive business revenue decreased by 7%. EPS and net income decreased by over 40%, and carbon offset revenue doubled to a new record of 0.89 billion USD. Tesla still expects Cybertruck to be profitable by the end of this year, and expects automotive production to turn positive in Q3. New cars such as affordable vehicles are still expected to be put into production in the first half of next year. The focus is still on reducing costs across the company, accelerating the development of AI products and services, and the deployment of Robotaxi depends on technology and regulation. Elon Musk confirmed the media news that Robotaxi will be delayed by two months until October, and affordable cars will be delivered in the first half of next year. Updating.
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