Tesla reported a 46 percent year-over-year decline in profits during its Wednesday evening earnings update, marking a difficult period for the electric vehicle manufacturer as it lost its position as the world’s top EV seller.
CNBC reports that Tesla reported a 46 percent year-over-year decline in profits during its Wednesday evening earnings update as Elon Musk’s EV giant lost its position as the world’s top EV seller. Musk also revealed that the company is attempting to pivot away from traditional vehicle manufacturing in favor of robotics. Tesla shares are down two percent in Thursday morning trading.
Despite revenue growth in segments…
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