Tesla’s Q2 profits slump

Tesla Inc. reported a 45% plunge in second-quarter net income compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing


Oct 10: Tesla will unveil its robotaxi, two months later than originally planned, to incorporate design changes requested by CEO Elon Musk (right)

Robotaxi: To be built at plant in Texas


Revenue ($ billions)	Net income ($ billions)	Vehicles sold

Jan 2023: Tesla slashes vehicle prices by as much as 20%

2024, Q2: Tesla sales down 4.8% from sales in same period in 2023, net income down 45.19%

$ billions 
	422,875	466,140	435,059	484,507	387,044	443,956
30
25 	23.4		23.4	25.2		25.5
20 		21.3			21.3
15 
10
5 	2.50	2.70
0			1.87	2.40	1.13	1.48

	2023 Q1	Q2	Q3	Q4	2024 Q1	Q2

Sources: Bloomberg, Tech Xplore, Reuters 
Pictures: Getty Images, Tesla 
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