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45%
Tesla’s drop in profit in the second quarter.
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Why Tesla Is Still Struggling
Sluggish car sales and a tough price war with rivals are weighing on Elon Musk’s electric vehicle company.
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Tesla Q2 Earnings Report Reveals 45% Profit Drop Amid Weak E.V. Sales
The company led by Elon Musk is selling fewer electric cars, and its big bets on driverless taxis and artificial intelligence could take many years to pay off.
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In Silicon Valley, Democrats Are Invigorated by Biden’s Withdrawal
Elon Musk, Marc Andreessen and others have endorsed Donald J. Trump. But President Biden’s withdrawal has re-energized Democrats across the tech industry and may blunt that momentum.