2025-07-27 17:51:40


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Tesla earnings plunge! Elon Musk warns of 'rough quarters'; EV giant faces big challenges

Tesla reported disappointing Q2 results, with revenue and profits declining due to reduced government support and softening demand. Despite launching a refreshed Model Y, deliveries dropped, and regulatory credit revenue plummeted. CEO Elon Musk anticipates a few challenging quarters ahead, attributing it to reduced EV tax credits.

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