Tesla's Second-Quarter Profit Jumps 20 Percent as Price Cuts Lead to Record Car Sales

Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. The EV manufacturer reported profits of $2.7 billion (roughly Rs. 22,156 crore), up 20 percent on the year-ago level. Revenues surged 47 percent to $24.9 billion (roughly Rs. 2,04,334 crore).

source https://www.gadgets360.com/transportation/news/tesla-q2-profit-20-percent-usd-2-7-billion-increase-price-cut-higher-car-sales-4224566#rss-gadgets-all

Atanu Das

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