Tesla’s profits sank sharply in the second quarter of 2024 | The company’s revenue increased by 2 percent compared to last year, but profits are down 45 percent year over year

Tesla published its second quarter earnings report, in which the company said it earned $1.48 billion in net income on $25.5 billion in revenue. That represents a 2 percent increase year over year compared to $24.9 billion in revenue in Q2 2023 but a 45 percent drop in net income....