News Formal

Tesla profits climb despite price cuts | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Tesla reported a much bigger than expected increase in profits, despite a series of price cuts that trimmed the amount of revenue per vehicle sold

Tesla\n \n reported adjusted earnings of $3.1 billion, or 91 cents a share, up 20% from the second quarter last year. Analysts surveyed by Refinitiv had forecast earnings of 82 cents a share. Its profit margin of 18.2% was also better than expected, although profit margins were still smaller than they were last year due to the series of price cuts the company announced since earlier this year. A year ago, Tesla’s margin was 25%, and even reported a 19.

“So we’re not trying to keep this to ourselves. We’re more than happy to license it to others,” Musk said, without giving any details about its use. Virtually all major automakers are introducing driver assist options, such as technology to keep cars at a safe distance from the cars in front of it them and automatic breaking to avoid obstacles.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 326. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Tesla directors will return $735 million to company to settle shareholder suit | CNN BusinessTesla directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, according to a Monday filing in a Delaware court.
La source: CNN - 🏆 4. / 95 Lire la suite »

Tesla earnings: What to expect from the Cybertruck makerTesla earnings arrive Wednesday amid a rally for Tesla stock and Cybertruck's arrival.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Tesla’s Elon Musk says his new company xAI will ‘enhance’ Tesla valueTesla Inc. Chief Executive Elon Musk said that his new venture, a startup focusing on artificial intelligence, will not compete with the EV maker but instead...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Why celebrities are striking: The average pay for actors may surprise you | CNN BusinessOn Friday, SAG-AFTRA officially went on strike after failing to reach a deal with Hollywood’s biggest studios. Actors on strike are calling for increased pay and a rethinking of how residuals are paid out when shows are aired on streaming services.
La source: cnni - 🏆 326. / 59 Lire la suite »