Tesla profit plunges in latest quarter as Musk's turn to politics continues to repel buyers
- Posted on July 24, 2025
- By Business News Today
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Tesla profit plunges in latest quarter as Musk's turn to politics continues to repel buyers
Tesla's recent financial results reveal a significant downturn, with revenue dropping 12% and profits slumping 16% in the last quarter, marking the third consecutive quarter of profit decline. This downturn is attributed to the perception of Elon Musk and increasing competition from rivals like BYD and Volkswagen.
