Tesla reported a drop in second-quarter profits after a string of vehicle price cuts in response to stiffening competition among electric vehicles
- Patrick T. Fallon
- Updated
Tesla reported a drop in second-quarter profits after a string of vehicle price cuts in response to stiffening competition among electric vehicles
Patrick T. FallonTags
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Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on autonomous driving and other technology.
