US electric car maker Tesla reports a jump in second-quarter profits after a series of price cuts translated into sharply higher car sales. – EPA pic, July 20, 2023.
TESLA reported a jump in second-quarter profits yesterday as a series of price cuts translated into sharply higher car sales. Elon Musk’s fast-growing electric vehicle company reported profits of US$2.7 billion, up 20% on the year-ago level. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!