India, July 22 -- Tesla Inc. (TSLA) on Wednesday reported lower second-quarter profit, as higher operating expenses more than offset revenue growth driven by record vehicle deliveries and continued strength in its energy and services businesses.
Net income for the quarter dropped 5% to $1.11 billion or $0.32 per share from $1.17 billion or $0.33 per share last year.
Adjusted net income fell 17% to $1.15 billion or $0.33 per share from $1.39 billion or $0.40 per share last year.
Operating income dropped 57% to $398 million from $923 million, reflecting higher operating expenses, while operating margin narrowed to 1.4% from 4.1%.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
For the second quarter, ...