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Tesla's Profit Dip Masks Big Growth | Durham News
Tesla’s Q2 earnings show a profit dip to $1.1 billion from $1.17 billion last year, but revenue surged 26% to $28.24 billion—beating forecasts. The company delivered over 480,000 cars, a 25% year-over-year jump, fueled by strong demand and expanded production. While profits took a hit due to heavy R&D investment in robotaxis, AI, and Optimus robots, Tesla is also advancing with Cybercab production in Texas and on track to launch the Tesla Semi. Energy generation and battery storage revenue rose 13%, and Full Self-Driving subscriptions are growing. Short-term profits may look softer, but Tesla…
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