Tesla's Profit Plunges Again
Digest more
3hon MSN
Union Pacific's adjusted profit grew to $1.8 billion in the second quarter as merger rumors to swirl around the nation’s largest railroad.
Nasdaq beat Wall Street estimates for second-quarter profit on Thursday, as volatile markets boosted trading volumes while first-half listings on its eponymous exchange hit their highest since 2021.
Tesla has offered low-interest loans and other incentives to try to revive sales, but these efforts have depressed the company’s profits. Tesla’s newest model, the Cybertruck pickup, has been a flop. The company sold 4,300 Cybertrucks in the second quarter, according to Cox Automotive, a 50 percent decline from a year earlier.
France’s BNP Paribas expects revenue and profit growth to accelerate in the latter half of the year, following second-quarter results that topped market views.The lender forecasts net profit of more than 12.
Blackstone beat second-quarter profit expectations on Thursday on strong gains in its credit and private equity businesses and a pickup in performance-related fees tied to perpetual capital funds. Shares of the world's largest alternative asset manager rose nearly 3% before the open and were on track to turn positive for the year if gains hold.
Explore more
Tesla’s operating profit improved to 4.1% from 2.1% in the first quarter. Still, margins were down from 6.3% a year ago. Tesla delivered less cars in the second quarter of 2025, compared with the year-ago period,
General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall Street’s expectations and the company stuck by its full-year financial outlook that it lowered in May.
TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, the French oil major's worst performance in four years but in line with expectations, as lower oil and gas prices outweighed a rise in production and power sales.
Automaker General Motors posted a 12% sales gain through the first half of year while working to mitigate the effects of President Donald Trump's tariffs.