TESLA Q2'S OVER-EXPECTED BUT UNDER-OPPOSED CAPITAL EXPENDITURE RAISES TECHNICAL CONCERNS

On 23 July, despite strong car sales performance in the second quarter of Tesla, profits fell short of Wall Street expectations. This is undoubtedly a setback for Tesla, which is accelerating new operations such as layout robots, autopilots and artificial intelligence. After closing on Wednesday, Tesla released the second quarter of its financial performance on the official network, and the company received $28,236 million for the season, up from $25,711 million anticipated in the market, a 26 per cent increase over the same period; and the automotive sector received $20,516 million, a 23 per cent increase over the same period. The analysis concluded that the decline in profits in Tesla was mainly affected by the decline in average car prices. In order to stimulate demand, Tesla introduced a number of car purchase concessions, while the production of the higher-sale Model S and Model X models was discontinued. (FIA)