For Q2 2024, Tesla built 418,831 EVs, a 14.4% decrease from Q2 2023. Sales also declined by 4.8% year on year, attributed to a small product line, price war, and market realities.
Tesla's profits fell over half, with profit margins at 5.5%, far below industry average. Musk's social media influence may have negative impacts on Tesla's brand according to a New York Times poll.
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