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Tesla Profit Falls Even as Car Sales Rebound

49 minutes ago NYT > Technology

The company is selling more cars, but the company’s profit was down because of price cuts and higher expenses.

Google’s parent company, which has spent heavily on artificial intelligence, also showed growth across its businesses, particularly in cloud computing.

Google's cloud business is thriving, as companies adopting its AI and AI infrastructure services help the tech giant to report record profits.

Tesla's 26% boost in revenue wasn't enough to offset rising operating expenses and capital expenditures as it pushes to launch a new generation of products.

After a dismal two years of weakening demand, falling sales, and damage to its brand by Elon Musk's political activities, Tesla's road to recovery continues apace. On the heels of an impressive delivery report, the company released its earnings for the second quarter of 2026 - giving us the latest glimpse at the EV company […]