The car company has faced boycotts for months said Wednesday that revenue dropped 12% and profits slumped 16% in the three months through June.

NEW YORK (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 ...

Elon Musk, the CEO of Tesla, said the company's budget EV is "just a Model Y." "Let the cat out of the bag there," Musk said during the company's second-quarter earnings call. Tesla analysts said ...

By BERNARD CONDON AP Business Writer NEW YORK (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 ...

The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits fell sharply again in the latest quarter ...

The electric-vehicle maker’s net income dropped 16% in the second quarter, marking another quarter of steep declines at the company as automotive sales continue to fall.