Tesla Inc reported second-quarter revenue that missed analysts' estimates on Wednesday, sending its shares down nearly 8per cent in extended trading.
REUTERS: Tesla Inc on Wednesday reported lower-than-expected revenue and a fall in gross margins for the second quarter, sending its shares down nearly 11per cent in extended trading.
Striving to improve margins and post a profit later this year, Tesla has laid off workers and pledged to close some stores to lower costs. It has also tinkered with its pricing and dropped some model variants in recent months..
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