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Tesla profits beat forecasts
Tesla announced that its profits for the second quarter fell short of expectations despite exceeding revenue estimates. Its total revenue reached $22.5 billion, a 26% increase compared to last year. However, net income declined by 5%, amounting to $1.11 billion. The company is focusing on developing autonomous vehicle services and expanding the production of AI robots. Meanwhile, free cash flow turned negative, reaching -$1.1 billion. Tesla reaffirmed its commitment to managing its operations in a way that supports its financial strength and future growth.
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