AdvtAdvtJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. It was Tesla's second-straight quarterly net income decline.Second quarter revenue rose 2 per cent to $25.5 billion, beating Wall Street estimates of $24.54 billion, according to FactSet. A year ago it was 18.2 per cent, and it peaked at 29.1 per cent in the first quarter of 2022.Tesla said it posted record quarterly revenue "despite a difficult operating environment." The company's energy-storage business took in just over $3 billion in revenue, double the amount in the same period last year.Shares of Tesla fell 2.5 per cent in trading after Tuesday's closing bell. It also said that the Cybertruck became the best selling electric pickup in the US during the quarter.

Source: Economic Times July 24, 2024 08:11 UTC