John BiersAFP·22 Jul, 2026 11:46 PM3 mins to readTesla began Texas production of its Cybercab and kept Semi plans on track. Photo / Getty ImagesTesla began Texas production of its Cybercab and kept Semi plans on track. Photo / Getty ImagesTesla reported weaker-than-expected quarterly profits on Wednesday, citing a hit from lower vehicle prices despite increased auto sales.
Elon Musk’s electric vehicle maker reported second-quarter profits of US$1.1 billion ($1.8b), down about 5% from the year-ago level. That translated into US33c per share compared with analyst estimates of US53c per
