(New York) The American manufacturer of electric vehicles Tesla announced on Wednesday a jump of 20% in its net profit in the second quarter to 2.7 billion dollars, in the wake of sales boosted by price cuts.
As analysts expected, these price cuts eroded the profit margin of Elon Musk’s group, which slipped to 18.2% from 19.3% in the first quarter.
The turnover of the group, which confirmed its forecasts for the year, stood at 24.92 billion (+47%).
More details to come.