Tesla profit plunges as Musk turns buyers off
The Serpin, which is obtained from the immersion of Elon Musk into politics, is still attracting Tesla work, as both sales and profits have fallen sharply in the last quarter.
Automobile company, as the buyers continue to stay away, the income fell 12 percent and profit profits fell 16 percent in three months until June.
The Forrester Analyst Dipanjan Chatterjee wrote in a e -mail, “The perception of CEO Elon Musk rubbed brightness of what was once a beloved and rising automotive brand”. Tesla is a toxic brand that cannot be separated from its leader ”.
The three -month profits in the electric vehicle, battery and robot company fell from 1.17 billion dollars or $ 1.4 billion per cents or 40 cents. This was the third quarter in a row that the profit fell.
Revenue fell from $ 25.5 billion to 22.5 billion dollars above $ 25.5 billion above the Wall Street’s forecasts during the April -June period.
Tesla shares fell by 3 percent in post -overtime transactions.
Musk talked less about the company’s earnings conference about car sales, and more about Robotaxis, automatic driving software and the company’s future. However, these enterprises have not yet started, and the gap between promises and profits was evident in the second quarter.
In addition to his role in Trump, Tesla chief alienated many potential buyers in Europe by adopting far -right candidates for the office. China’s BYD and German Volkswagen rival electric vehicle manufacturers, stealing the market share of weakness.
Tesla, Austin, Texas’daki paid pickup Robotaxi began to provide and soon hopes to introduce driverless cabins in other cities.
In his call after earnings, Musk said that the service would probably be present as ız half of the US population-at least our target until the end of the year, subject to regulatory approvals ”.
Autonomous taxis, the billionaire who raises space race and home production is faced with a challenging competition. Now, Waymo, the dominant provider, has already recorded his paid trip in several cities and recently.
In the meantime, other threats arise. The new federal budget, which is accepted by the Congress, eliminates a loan up to $ 7,500 to buy an electric car. In addition, it deletes penalties for car manufacturers exceeding carbon emission standards. This threatens to sell Tesla’s “carbon loans ına to traditional automobile companies that regularly undergo emission standards.
Iz We are in this strange transition period, where we will lose too many incentives in the US, Mus Musk said, probably foreseeing a few rough months until June next year.
The company accelerates the promotion of a cheaper car to the market this year.
In the robot business, Musk said that Tesla expects explosives growth as it increases the production of humanoid aids to 100,000 in five years.
“We will look from a world where robots are too widespread from a world where they are rare,” he said.
Tesla’daki more than the current 13 percent of the shares to check if he asked if he wanted to control Musk, he said he did not want more, but he said he was not too much.
“I think my control over Tesla should be enough to make him go in a good direction,” he said, “But not so much control that I can’t get away if I go crazy.”
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