Tesla39;s Q2 automotive gross margin to 14.6 vs. analysts39; estimates of 16.3
Musk forecasts selfdriving software to drive Tesla vehicles without human supervision next year
Musk says Tesla likely to win approval for supervised FSD in China, Europe this year
Tesla39;s sales of regulatory credits triple in Q2
Tesla delays Robotaxi unveiling to Oct. 10 for vehicle improvements

July 23 Reuters Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices to revive demand while it increased spending on AI projects.

The company said it was on track to produce new vehicles, including more affordable models, in the first half of 2025, although the models will result in achieving less cost reduction than previously expected. Shares fell 8 in afterhours trade.

Perhaps more than ever in the company39;s recent history, Tesla39;s investors need results; those will have to come fast both for the humanoid robot and for the Robotaxi, said Thomas Monteiro, senior analyst at Investing.com.

The second quarter was tumultuous, with CEO Elon Musk shelving development of an allnew cheaper car in favor of less ambitious lowercost models and working on creating selfdriving taxis, helping to boost shares.

The company also laid off more than 10 of its employees to cut costs, and Tesla said profit was also weighed down by restructuring charges and an increase in…