{"id":43662,"date":"2024-07-24T16:13:54","date_gmt":"2024-07-24T16:13:54","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/teslas-income-dives-45-in-q2-with-lower-deliveries"},"modified":"2024-07-24T16:54:26","modified_gmt":"2024-07-24T16:54:26","slug":"teslas-income-dives-45-in-q2-with-lower-deliveries","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/teslas-income-dives-45-in-q2-with-lower-deliveries","title":{"rendered":"Tesla’s income dives 45% in Q2 with lower deliveries"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>US electric carmaker Tesla saw its income plummet 45% in the second quarter compared to the same period last year, according to its financial results released Tuesday.<\/p>\n

Net income attributable to common stockholders fell to nearly $1.48 billion, down 45.2% from approximately $2.7 billion in the second quarter of last year.<\/p>\n

Total revenues, on the other hand, were up just 2.4% to $25.5 billion from $24.9 billion, according to the results.<\/p>\n

Income from operations declined 33%, but free cash flow increased 34% year-on-year, the results showed.<\/p>\n

The company said it achieved “record quarterly revenues” in the second quarter “despite a difficult operating environment.”<\/p>\n

“We also saw a sequential rebound in vehicle deliveries in Q2 as overall consumer sentiment improved and we launched attractive financing options to offset the impact of sustained high interest rates,” said the statement.<\/p>\n

The electric carmaker\u2019s stock price was down 3.33% in after-hours trading on the Nasdaq after it finished Tuesday with a 2.04% daily loss.<\/p>\n

Tesla said early this month that it produced more than 410,000 vehicles and delivered nearly 444,000 in the second quarter.<\/p>\n

The figures, however, were lower compared to the second quarter of 2023.<\/p>\n

In the April-June period of last year, the company produced 460,211 Model 3\/Y vehicles and delivered 446,915.<\/p>\n

For More News And Analysis About Mauritius Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. US electric carmaker Tesla saw its income plummet 45% in the second quarter compared to the same period last year, according to its financial results released Tuesday. Net income attributable to common stockholders fell to nearly $1.48 billion, down 45.2% from approximately $2.7 billion in the second quarter of last year. Total […]<\/p>\n","protected":false},"author":84,"featured_media":43661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[2775,241,3166,191],"class_list":["post-43662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-income","tag-mauritius","tag-revenues","tag-tesla"],"yoast_head":"\nTesla's income dives 45% in Q2 with lower deliveries - Mauritius<\/title>\n<meta name=\"description\" content=\"US electric carmaker Tesla saw its income plummet 45% in the second quarter compared to the same period last year, accor ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/teslas-income-dives-45-in-q2-with-lower-deliveries\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla's income dives 45% in Q2 with lower deliveries\" \/>\n<meta property=\"og:description\" content=\"US electric carmaker Tesla saw its income plummet 45% in the second quarter compared to the same period last year, accor ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/teslas-income-dives-45-in-q2-with-lower-deliveries\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-24T16:13:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-24T16:54:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/07\/sm_1721823751.379967.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/teslas-income-dives-45-in-q2-with-lower-deliveries#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/teslas-income-dives-45-in-q2-with-lower-deliveries\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tesla’s income dives 45% in Q2 with lower deliveries\",\"datePublished\":\"2024-07-24T16:13:54+00:00\",\"dateModified\":\"2024-07-24T16:54:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/teslas-income-dives-45-in-q2-with-lower-deliveries\"},\"wordCount\":215,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/teslas-income-dives-45-in-q2-with-lower-deliveries#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/07\/sm_1721823751.379967.jpg\",\"keywords\":[\"income\",\"Mauritius\",\"revenues\",\"Tesla\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/teslas-income-dives-45-in-q2-with-lower-deliveries#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/teslas-income-dives-45-in-q2-with-lower-deliveries\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/teslas-income-dives-45-in-q2-with-lower-deliveries\",\"name\":\"Tesla's income dives 45% in Q2 with lower deliveries - 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