Tesla's quarterly results miss estimates after price cuts hit bottom line

Tesla's second-quarter margin missed analysts' estimates as price cuts and incentives to spur sagging demand continued to hurt the bottom line while the company intensifies its self-driving technology efforts, it said on Tuesday. Tesla recorded automotive gross margin excluding regulatory credits of 14.65% in the second quarter, compared with estimates of 16.29%, according to 20 analysts polled by Visible Alpha.It was the lowest quarterly margin in more than five years, and shares of the electric-vehicle ma ...