Tesla electric vehicles use a Tesla supercharging station in Union City, New Jersey, U.S., July 23, 2024. REUTERS/Eduardo Munoz/file photoTesla reported a surprise rise in revenue for second quarter as it handed over more electric vehicles than analysts had expected, helped by price cuts and incentives.
Deliveries for the second quarter also came in higher than market expectations, helped by low interest-rate loan options, although they fell for the second straight quarter. Tesla has also been pushing hard to accelerate development of its self-driving technologies and robotaxi, investing billions in chips to train AI models, but has delayed the official unveiling of the robotaxi, a person familiar with the matter had told Reuters.
The company on Tuesday reported revenue of $25.50 billion for the three months ended June, compared with $24.93 billion a year earlier. Analysts on average had estimated $24.77 billion, according to LSEG data. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.