Tesla CEO Elon Musk warns of ‘teething pains’, points to humanoid robot program, AI and chip design for future growth
Elon Musk, the billionaire CEO of electric vehicle maker Tesla, has warned investors to brace for a potential “rough” stretch ahead as the auto maker saw revenues plunge 12 per cent to $22.5 billion in Q2 — its steepest fall in nearly 10 years, according to a Bloomberg report.
Tesla’s revenue fell 12 per cent to $22.5 billion, while adjusted earnings were 40 cents per share, Tesla said on July 23. This was just below the average analyst estimate.
