Tesla Inc. reported another quarter of disappointing profit and postponed a highly anticipated unveiling of autonomous taxis, sending the carmaker’s volatile stock plunging the most in almost four years.
Adjusted earnings fell to 52 cents per share in the three months ended in June, missing estimates for the fourth consecutive quarter. Chief Executive Officer Elon Muskconfirmed the company will push back an event showcasing robotaxi prototypes by about two months, to October, confirming an earlier Bloomberg News report.
Tesla’s shares tumbled more than 12% on Wednesday in New York, the biggest decline since September 2020. The stock had ...
