Tesla's profits fell last quarter as the car company run by Elon Musk shoveled more money into research and development, cutting into profits from a sharp increase in vehicle sales

Tesla's profits fell last quarter as the car company run by Elon Musk shoveled more money into research and development, cutting into profits from a sharp increase in vehicle…

Tesla's profits fell last quarter as the car company run by Elon Musk shoveled more money into research and development, cutting into profits from a sharp increase in vehicle sales

Tesla reported weaker-than-expected quarterly profits on Wednesday despite increased auto sales, depressing shares in after-hours trading amid questions over massive capital…

Shares fell 2.8 per cent after the closing bell on Wall Street

Tesla also reported its first quarter of negative free cash flow in more than two years. Read more at straitstimes.com. Read more at straitstimes.com.

Shares in Elon Musk company fall more 3% in after-hours trading, as earnings per share miss Wall Street expectations

Tesla revenue jumped on record vehicle deliveries in Q2, but operating profit dipped because of heavy spending on R&D.

Tesla reported weaker-than-expected quarterly profits on Wednesday despite increased auto sales, depressing shares in after-hours trading amid questions over massive capital…

Tesla reported second-quarter profits of US$1.1 billion, down about 5 per cent from the year-ago level.

The profit miss and cash burn come despite record vehicle deliveries in the quarter as a fuel-price surge sparked by the Iran war drove EV demand. | World News