Enlarge / Will investors care that Tesla’s car sales and profit margins are shrinking, not growing? Karol Serewis/SOPA Images/LightRocket via Getty Images
Tesla posted its second-quarter financial results ahead of an investor call this afternoon. Earlier this month, it released its Q2 2024 production and delivery numbers, which showed a 14.4 percent year-over-year reduction in the number of cars it built and a 4.8 percent reduction in sales compared to the same three months in 2023. Now, we can see the effect that a shrinking average sales price has had on the automaker’s balance sheet.
Automotive revenues dropped a little more
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