The ordeal isn't over yet for Tesla or its investors, according to CEO Elon Musk, as it misses heaps of Wall Street targets in its latest earnings report. "We probably could have a few rough quarters," Musk said in a conference call on Wednesday. In the second quarter between April and June, Tesla raked in $1.2 billion in net income, when, during that same period last year, it made $1.4 billion.  Worse still, its revenue shrank by 12 percent from $25.5 billion to $22.5 billion, making it Tesla's worst quarterly drop in sales in more than a decade, according to […]

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Link :
https://futurism.com/elon-admits-tesla-hurt