Tesla’s profits sank sharply in the second quarter of 2024 Photo by Osmancan Gurdogan / Anadolu via Getty ImagesTesla published its second quarter earnings report, in which the company said it earned $1.48 billion in net income on $25.5 billion in revenue. That represents a 2 percent increase year over year compared to $24.9 billion in revenue in Q2 2023 but a 45 percent drop in net income. Tesla’s gros…

Are profits only made on exit? We’re selling items profitably but all profits are being invested into inventory. Because of this, our bank balance never really moves. How do we take profits? For example starting with $100, sell our items now $200 in bank. Spend all $200 on inventory, and sell it, now $400 in the bank, spend $400 on inventory, etc Is the only time we make mon…

Spotify profits from more subscribers and price hikes The number of people paying for Spotify Premium rose three percent to 226 million on a quarterly basis as the streaming service announced price increases across the US and several other global markets. Spotify’s monthly active users (MAUs) also rose to 574 million as of September 30th, a four percent increase from last quarter. Both rises were s…