Organization: Jonathan M. Gitlin
Location: Global
Source: Jonathan M. Gitlin
Tesla posted its financial statement for the second quarter of the year this afternoon. Earlier in July, we learned that the American automaker had had a good quarter in terms of sales , growing 25 percent year over year. Fans hoping that sales increase would result in a plenty profitable Tesla may be disappointed, though. Revenues are up but so are expenses, and the company’s once-enviable double-digit profit margin has fallen to just 1.4 percent. Tesla brought in $20.5 billion from its elec…
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