Tesla profit plunges in latest quarter as Musk’s turn to politics repels buyers
People walk past newly opened India’s first Tesla showroom in Mumbai, India. Picture: Rafiq Maqbool/AP
The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter.
The car company that has faced boycotts for months said on Wednesday that revenue dropped 12% and profits slumped 16% in the three months through June as buyers continued to stay away.
