Tesla margins likely dipped in Q2; robotaxi, AI ventures in focus

Posted under: Tech Move
Date: 2024-07-23
Tesla margins likely dipped in Q2; robotaxi, AI ventures in focus

Tesla's Q2 margin hit a five-year low due to price cuts and discounts to boost sales. CEO Elon Musk is expected to emphasize the company's robotaxi and AI plans. Despite current financial challenges, analysts anticipate margins to improve next year as production costs for the Cybertruck decrease. Long-term investors see AI and robotaxi as major opportunities.

Read more at: www.reuters.com