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Tesla Stock Plummets After Net Income Falls 45 Percent; Tech Outage Caused by ‘Bug’: CrowdStrike | Business Matters Full Broadcast (July 24)

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Tesla Stock Plummets After Net Income Falls 45 Percent; Tech Outage Caused by ‘Bug’: CrowdStrike | Business Matters Full Broadcast (July 24)
Jul-24-2024

Tesla stock plummeted a day after posting second quarter earnings. Car sales, its main business, were down 9 percent year-over-year, at $18.5 billion. Higher costs did not help; net income was down 45 percent, at $1.5 billion. CEO Elon Musk immediately addressed this in the earnings call.

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