From Erin Delmore in new york. Tesla shares spent most of the year sliding between lagging sales, production snarls, Shipping Delays and increased competition from overseas ev makers. Then shares started gaining. They were up 40 since The End of may. See, investors started focusing less on teslas Slumping Ev sales and more on chief executive Elon Musk s plans to make tesla into an artificial Intelligence Powerhouse with al powered robo taxis and humanoid robots. Alluring . Yes. Profitable . No. Or at least, not yet. Tesla unveiled its second quarter earnings tuesday after wall streets closing bell, and reported a 45 drop in profit between april and june. That came in lower than analysts had estimated. Sales fell nearly 5 in the second Quarter And Production fell as well. Now, investors are left to see whether tesla can successfully rev up its lagging Car Sales or begin monetising its Ai Offerings fast enough to make up for it. I am joined from chicago by seth goldstein, an Equity Strat
hello. good to have you with us. i am sally bundock. let s now dissect the top business stories. we start in the us where tesla has revealed the biggest slump in earnings in more than a decade as the road gets increasingly rocky for the electric car industry. tesla made profits of $1.1 billion in the first three months of the year. that s a fall of 55% on this time last year. revenues were 9% lower and both numbers were worse than investors had been expecting. but tesla shares which have taken a pounding this year jumped around 11% in after hours trade after the company promised quicker progress on new more affordable models. from new york, here s erin delmore. it s been a rocky road fit for this year. high interest rate that taking a bite out of consumer purchasing power and pushing big purchases out of reach. competition with china especially over electric vehicle maker byd is heating up. sales have been falling and so has its stock. it up. sales have been falling and s
a manhunt in the tunisia terror attack. people ran for cover after two gunmen opened fire. at least 20 tourists. killed before police took down attackers. hundreds of university of virginia students protest and an arrest that left a fellow student bleeding from his head ordering an investigation into the incident. why is this happening? why is this happening? the convict was arrested after a massive manhunt. he allegedly killed one and injured five others. rain thunderstorms even hail in southern california. while the east coast is facing yet another round of snow. the health crisis as a high school in kansas. tuberculosis diagnosed. a motorcycle rider leads police on dangerous chase through the streets of california. what do you mean you didn t endanger anybody? standing on your bike going 100 miles an hour. settling a class action lawsuit stemming from a giant data breach in 2013. cowboys sign controversial pass rusher greg hardy. you can beat
two or three accomplices on the run. tunisia. 20 people were kill bfrd the police took down the attackers. hundreds of university of virginia students protest after an arrest of a fellow student left his bleeding from his head. i was just talking. i was just talking. a convict arrested after a manhunt. he allegedly killed one and injured five others. rain and even hail in southern california. while the east coast is facing yet another round of snow. a health crisis in kansas. more than two dozen of cases of tuberculosis have been diagnosed. look at this, look at this. a motorcycle rider leads police on a very dangerous chase through the streets of southern california. what do you mean you didn t en endanger anybody? you were standing on your bike going a hundred miles an howl. target will pay after lawsuit. now you can beat a woman and play with a star on your helmet. all that dues are dues. that s the way life works. robert morris moving on
two or three accomplices on the run. tunisia. 20 people were kill bfrd the police took down the attackers. hundreds of university of virginia students protest after an arrest of a fellow student left his bleeding from his head. i was just talking. i was just talking. a convict arrested after a manhunt. he allegedly killed one and injured five others. rain and even hail in southern california. while the east coast is facing yet another round of . snow a health crisis in kansas. more than two dozen of cases of tuberculosis have been diagnosed. look at this, look at this. a motorcycle rider leads police on a very dangerous chase through the streets of southern california. what do you mean you didn t en endanger anybody? you were standing on your bike going a hundred miles an howl. target will pay after lawsuit. now you can beat a woman and play with a star on your helmet. all that dues are dues. that s the way life works. robert morris moving o