Tesla Reports 7% Drop In Automotive Revenue As Second-quarter Earnings

Tesla Reports 7% Drop In Automotive Revenue As Second-quarter Earnings

An electric car charger is being seen in a charging station in Lisbon, Portugal, on July 27, 2024. Tesla is reporting lower-than-expected second-quarter earnings as auto sales are falling for the second straight period. Shares are falling more than 4% in extended trading. Revenue is rising 2% from $24.93 billion a year earlier, Tesla is saying in a report to investors on Tuesday. But auto sales are falling 7% to $19.9 billion from $21.27 billion in the same quarter last year. (Photo by Luis Boza/NurPhoto)

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  • ILEA003053677
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  • Luis Boza/NurPhoto
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