Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing.
Big declines in TSLA profitability this past quarter.
They have competition in the US now. KIA and Hyundai are the number one sellers in the past few months. The Ionic 5 is was the best selling EV in the US in Q2, for instance.
Lower sales and lower sales price will do that. In the US Tesla still has no competition but it is a different story in the rest of the world
They have competition in the US now. KIA and Hyundai are the number one sellers in the past few months. The Ionic 5 is was the best selling EV in the US in Q2, for instance.