Tesla Reports Biggest Quarterly Revenue Drop in Over a Decade
Tesla (TSLA, Financials) posted its steepest quarterly revenue decline in more than ten years, with sales down 12% year over year to $22.5 billion for the AprilJune period. The result missed analyst forecasts of $22.74 billion, according to LSEG data, and came amid growing concerns over CEO Elon Musk’s political involvement and its impact on…