Tesla shares fell more than 8% in premarket trading after the electric carmaker reported second-quarter earnings that missed expectations.
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00:00It's Benzinga, and here's what's on the block.
00:03Tesla shares fell more than 8 percent in pre-market trading after the electric carmaker reported
00:07second-quarter earnings that missed expectations.
00:10Competition is increasing, especially in China, which is one of Tesla's key markets.
00:14The company has been forced to slash prices and offer discounts amid slowing sales.
00:19Tesla remains the top electric vehicle seller in the U.S., but it is losing market share
00:22to growing rivals due to its aging sedan and SUV lineup and Elon Musk's controversial
00:27comments.
00:29Tesla plans to introduce a new affordable mass-market car in the first half of 2025
00:33to boost sales.
00:34Elon Musk envisions driverless robo-taxis generating revenue for Tesla owners and promises
00:39the first ride next year.
00:41For all things money, visit Benzinga.com.