Ramazan Eles 
According to the filing information, Tesla’s Bitcoin holdings remained unchanged in the second quarter of 2024.
Tesla’s profit plummeted more than 40% compared to a year ago, presenting a tougher environment for electric vehicle sales than anticipated.
For the quarter, Tesla reported adjusted earnings of $1.8 billion, or 52 cents per share. Analysts had predicted earnings of 61 cents per share, which was already significantly lower than last year’s 91 cents per share.
With revenues of $25.5 billion, Tesla managed to stay stable despite selling 5% fewer vehicles compared to the previous year. This marks the second consecutive quarter of declining sales for the company.
However, the adjusted profit margin (EBITDA), excluding interest, taxes, depreciation, and amortization, fell from 18.7% a year ago to 14.4%.
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