Tesla shares plummet 12% after disappointing earnings report.

Profit drop linked to intensified EV competition and sluggish sales.

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CEO Elon Musk blames discounted rivals for Tesla's struggles.

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Stock hits a three-week low after a volatile 2024.

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Tesla faces second consecutive quarter of declining profits.

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Government credits now account for over half of Tesla's profits.

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Critics point to slow demand and lack of new affordable models.

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Despite setbacks, Tesla’s innovation and future EV models offer hope.

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Delayed Robotaxi launch and safety recalls cast shadows over progress.

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