Tesla experienced a challenging second quarter as its net income saw a significant drop, despite some positive revenue news. Here are the key details:

Net Income Decline:

Tesla's net income fell by 45% to $1.48 billion compared to $2.7 billion in the same period last year.

This marks Tesla's second consecutive quarterly net income decline.

Revenue Growth:

Revenue increased by 2% to $25.5 billion, exceeding Wall Street estimates of $24.54 billion.