Tesla Stock Plummets After Net Income Falls 45 Percent; Tech Outage Caused by ‘Bug’: CrowdStrike | Business Matters Full Broadcast (July 24)

Don Ma
By Don Ma
July 24, 2024Business Matters
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Tesla stock plummeted a day after posting second quarter earnings. Car sales, its main business, were down 9 percent year-over-year, at $18.5 billion. Higher costs did not help; net income was down 45 percent, at $1.5 billion. CEO Elon Musk immediately addressed this in the earnings call.

CrowdStrike says a “bug” caused the global tech outage last week. Delta says delays and cancellations will be resolved on Thursday. The Federal Transit Administration is determined to investigate.