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Tesla Reports Profit Drop On Price Cuts, Lower Vehicle Sales (www.ibtimes.co.uk)

submitted 3 months ago by [email protected] to c/[email protected]

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Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on autonomous driving and other technology.

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[–] [email protected] 6 points 3 months ago* (last edited 3 months ago)

It's so hilarious IMO, by the rate they made money this past quarter, it will take Tesla 10 years, just to earn that $55 billion bonus back.