CEO Elon Musk said more than a month ago that he had a ‘super bad feeling’ about the economy and needed to lay off workers
Tesla’s second quarter of 2022 came to a shaky end as the electric carmaker reported a drop in revenue, missing Wall Street estimates after it struggled to meet demand due to a shutdown of its Shanghai factory and production challenges at new plants.
Total revenue fell to $16.93bn in the second quarter, down from $18.76bn a year earlier, ending a streak of record revenue that the company has seen in recent quarters. Analysts were expecting revenue of $17.10bn.
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CEO Elon Musk said more than a month ago that he had a ‘super bad feeling’ about the economy and needed to lay off workers
Tesla’s second quarter of 2022 came to a shaky end as the electric carmaker reported a drop in revenue, missing Wall Street estimates after it struggled to meet demand due to a shutdown of its Shanghai factory and production challenges at new plants.
Total revenue fell to $16.93bn in the second quarter, down from $18.76bn a year earlier, ending a streak of record revenue that the company has seen in recent quarters. Analysts were expecting revenue of $17.10bn. Continue reading…Technology | The Guardian