Tesla profit plunges in 2nd quarter
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Nvidia supplier SK Hynix posts record second-quarter profit and revenue on strong AI memory demand
Revenue rose over 35% in the June quarter compared with the same period a year earlier, while operating profit jumped nearly 69%, year on year.
Analysts estimate that the company earned $1.2 billion from April to June, according to Bloomberg, down from $1.4 billion a year ago. Sales are expected to have fallen to $22.6 billion from $25.5 billion in the second quarter of 2024. Tesla has not reported an increase in quarterly profit since the third quarter of 2024.
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,
Nvidia supplier SK Hynix on Thursday boosted its 2025 investment plan after posting a record quarterly profit as it seeks to alleviate investor concerns about slowing growth for artificial intelligence chipsets.
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