New York, July 23, 2025 (AFP) - Tesla reports 16% profit drop to $1.2 bn on lower auto sales

NAMPA / AFP

2025-07-23

Tesla reported another drop in quarterly profits Wednesday on lower auto sales amid intensifying electric vehicle competition and lingering backlash over CEO Elon Musk's involvement in US politics. Tesla reported second-quarter profits of $1.2 billion, down 16 percent from the year-ago level. The company in a press release emphasized ongoing efforts to lead in artificial intelligence and robotics. Revenues fell 12 percent to $22.5 billion. Lower......

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