Tesla shares fell 12 percent Wednesday after the electric vehicle maker’s second quarter earnings fell short of expectations. The company, led by billionaire tech mogul Elon Musk, brought in $25.5 billion in the three-month period between April and June, up 2 percent from the same period last year. However, Tesla’s net income fell 45 percent, from $2.7 billion in the second quarter of 2023 to $1.5 billion in the second quarter of 2024, despite efforts to cut costs, including widespread layoffs. In April, Musk announced plans to cut more than 10 percent of the company’s global workforce. “As we prepare the company for our next phase of growth, it is extremely important to l
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