Dow Jones Futures Fall As Tesla Earnings Beat, While Apple Leads 4 Tech Giants Set To Report

Dow Jones futures were in focus Monday, as Tesla stock jumped on earnings late. Apple leads four tech giants reporting earnings on Tuesday. Read More...


Tesla posts record profits, offers muddy outlook for batteries, Cybertruck

(Reuters) -Tesla Inc posted a bigger second-quarter profit than expected on Tuesday thanks to higher sales of its less-expensive electric vehicles, as it raised vehicle prices and cut costs. Tesla CEO Elon Musk, however, said a global chip shortage that led to temporary factory shutdowns for the automaker, remains serious, and offered no details on the timing of its Cybertruck and next-generation batteries. For the first time since late 2019, Tesla profits did not rely on sales of environmental credits to other automakers, a sign of increasing financial health for the manufacturing operation.

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