3 mo. ago • 97%

Tesla Reports Profit Drop On Price Cuts, Lower Vehicle Sales

www.ibtimes.co.uk Tesla Reports Profit Drop On Price Cuts, Lower Vehicle Sales

Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on autonomous driving and other technology.

Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on autonomous driving and other technology.

12 comments

Don't worry guys; Tesla is an AI company, not a car company. So car sales don't matter much, right?

Right?

48
- Any moment now your investment in an automated taxi will pay off and you can live off of taxi fares.
  
  18
  
  Who does the passenger's family sue when the car drives them down a railroad track? The owner? Tesla? Elon?
  
  9
- The AI will generate AI (Artificial Income).
  
  6
I can’t believe they haven’t booted musk yet

30
- Booted? They just voted him a 55 billion dollar bonus.
  
  This is exactly what his investors want apparently.
  
  24
  
  It's so hilarious IMO, by the rate they made money this past quarter, it will take Tesla 10 years, just to earn that $55 billion bonus back.
  
  6
  
  Did that pass?
  
  1

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