Enlarge (credit: Getty / Aurich)

Tesla reported strong sales and revenues for the second quarter of 2023 . The automaker built 479,700 electric vehicles during the period, delivering 466,140. Selling those cars brought in $21.3 billion in revenue, a 46 percent increase year over year. But the company's once-fat margins are shrinking, and Tesla shares have fallen 5 percent in trading this morning.

Tesla's total Q2 revenues also grew year over year by 47 percent to $24.9 billion. The largest increase was seen in Tesla's solar panel and battery storage side of the business, which grew 74 percent, year over year, to $1.5 billion. Tesla actually deployed fewer GWh of storage for Q2 versus Q1 2023, although at 3.7 GWh, that's still a 222 percent increase year over year. The company blamed high interest rates for a year-over-year decline in solar panel installations.

Services and revenues grew by 47 percent, year over year, to $2.2 billion. This budget line includes Tesla's Supercharger network, and it's possible that some of the growth here reflects payments from rival automakers like Ford, General Motors, Volvo, Rivian, and Polestar, each of which signed an agreement to adopt Tesla's charging plug to gain access to the Supercharger network for their own customers.

Enlarge (credit: Getty / Aurich)

Tesla reported strong sales and revenues for the second quarter of 2023 . The automaker built 479,700 electric vehicles during the period, delivering 466,140. Selling those cars brought in $21.3 billion in revenue, a 46 percent increase year over year. But the company's once-fat margins are shrinking, and Tesla shares have fallen 5 percent in trading this morning.

Tesla's total Q2 revenues also grew year over year by 47 percent to $24.9 billion. The largest increase was seen in Tesla's solar panel and battery storage side of the business, which grew 74 percent, year over year, to $1.5 billion. Tesla actually deployed fewer GWh of storage for Q2 versus Q1 2023, although at 3.7 GWh, that's still a 222 percent increase year over year. The company blamed high interest rates for a year-over-year decline in solar panel installations.

Services and revenues grew by 47 percent, year over year, to $2.2 billion. This budget line includes Tesla's Supercharger network, and it's possible that some of the growth here reflects payments from rival automakers like Ford, General Motors, Volvo, Rivian, and Polestar, each of which signed an agreement to adopt Tesla's charging plug to gain access to the Supercharger network for their own customers.

Enlarge (credit: Getty / Aurich)

Tesla reported strong sales and revenues for the second quarter of 2023 . The automaker built 479,700 electric vehicles during the period, delivering 466,140. Selling those cars brought in $21.3 billion in revenue, a 46 percent increase year over year. But the company's once-fat margins are shrinking, and Tesla shares have fallen 5 percent in trading this morning.

Tesla's total Q2 revenues also grew year over year by 47 percent to $24.9 billion. The largest increase was seen in Tesla's solar panel and battery storage side of the business, which grew 74 percent, year over year, to $1.5 billion. Tesla actually deployed fewer GWh of storage for Q2 versus Q1 2023, although at 3.7 GWh, that's still a 222 percent increase year over year. The company blamed high interest rates for a year-over-year decline in solar panel installations.

Services and revenues grew by 47 percent, year over year, to $2.2 billion. This budget line includes Tesla's Supercharger network, and it's possible that some of the growth here reflects payments from rival automakers like Ford, General Motors, Volvo, Rivian, and Polestar, each of which signed an agreement to adopt Tesla's charging plug to gain access to the Supercharger network for their own customers.

Enlarge / A worker picks up trash in front of the new logo in front of Meta's headquarters on October 28, 2021, in Menlo Park, Calif. (credit: Justin Sullivan/Getty Images)

Meta is shunning the news business, giving lower priority to current affairs and politics on its social media platforms while refusing to engage with efforts from governments to make the US tech giant pay more to media organizations.

Facebook’s parent company, after years of attempting to placate powerful publishers by funding nonprofit journalism projects and striking deals with groups like Rupert Murdoch’s News Corp, is toughening its stance toward the sector, according to people familiar with the company’s strategies.

Meta’s latest snub came this month when the company launched Threads, a text-based app to challenge its struggling rival Twitter. Threads drew in 100 million users within a record five days of launch, linking profiles to existing accounts on Meta’s popular photo-sharing app Instagram.

Enlarge / A worker picks up trash in front of the new logo in front of Meta's headquarters on October 28, 2021, in Menlo Park, Calif. (credit: Justin Sullivan/Getty Images)

Meta is shunning the news business, giving lower priority to current affairs and politics on its social media platforms while refusing to engage with efforts from governments to make the US tech giant pay more to media organizations.

Facebook’s parent company, after years of attempting to placate powerful publishers by funding nonprofit journalism projects and striking deals with groups like Rupert Murdoch’s News Corp, is toughening its stance toward the sector, according to people familiar with the company’s strategies.

Meta’s latest snub came this month when the company launched Threads, a text-based app to challenge its struggling rival Twitter. Threads drew in 100 million users within a record five days of launch, linking profiles to existing accounts on Meta’s popular photo-sharing app Instagram.

Enlarge / A worker picks up trash in front of the new logo in front of Meta's headquarters on October 28, 2021, in Menlo Park, Calif. (credit: Justin Sullivan/Getty Images)

Meta is shunning the news business, giving lower priority to current affairs and politics on its social media platforms while refusing to engage with efforts from governments to make the US tech giant pay more to media organizations.

Facebook’s parent company, after years of attempting to placate powerful publishers by funding nonprofit journalism projects and striking deals with groups like Rupert Murdoch’s News Corp, is toughening its stance toward the sector, according to people familiar with the company’s strategies.

Meta’s latest snub came this month when the company launched Threads, a text-based app to challenge its struggling rival Twitter. Threads drew in 100 million users within a record five days of launch, linking profiles to existing accounts on Meta’s popular photo-sharing app Instagram.

Enlarge / What the Golf? , a popular Apple Arcade game, running in shared 3D space with other visionOS applications. (credit: Unity)

Starting today, some developers can use the popular software Unity to make apps and games for Apple's upcoming Vision Pro headset.

A partnership between Unity and Apple was first announced during Apple's WWDC 2023 keynote last month, in the same segment the Vision Pro and visionOS were introduced. At that time, Apple noted that developers could start making visionOS apps immediately using SwiftUI in a new beta version of the company's Xcode IDE for Macs, but it also promised that Unity would begin supporting Vision Pro this month.

Now it's here—albeit in a slow, limited rollout to developers that sign up for a beta . Unity says it is admitting a wide range of developers into the program gradually over the coming weeks or months but hasn't gone into much detail about the criteria it's using to pick people other than not solely focusing on makers of AAA games.

Enlarge / What the Golf? , a popular Apple Arcade game, running in shared 3D space with other visionOS applications. (credit: Unity)

Starting today, some developers can use the popular software Unity to make apps and games for Apple's upcoming Vision Pro headset.

A partnership between Unity and Apple was first announced during Apple's WWDC 2023 keynote last month, in the same segment the Vision Pro and visionOS were introduced. At that time, Apple noted that developers could start making visionOS apps immediately using SwiftUI in a new beta version of the company's Xcode IDE for Macs, but it also promised that Unity would begin supporting Vision Pro this month.

Now it's here—albeit in a slow, limited rollout to developers that sign up for a beta . Unity says it is admitting a wide range of developers into the program gradually over the coming weeks or months but hasn't gone into much detail about the criteria it's using to pick people other than not solely focusing on makers of AAA games.

Enlarge / What the Golf? , a popular Apple Arcade game, running in shared 3D space with other visionOS applications. (credit: Unity)

Starting today, some developers can use the popular software Unity to make apps and games for Apple's upcoming Vision Pro headset.

A partnership between Unity and Apple was first announced during Apple's WWDC 2023 keynote last month, in the same segment the Vision Pro and visionOS were introduced. At that time, Apple noted that developers could start making visionOS apps immediately using SwiftUI in a new beta version of the company's Xcode IDE for Macs, but it also promised that Unity would begin supporting Vision Pro this month.

Now it's here—albeit in a slow, limited rollout to developers that sign up for a beta . Unity says it is admitting a wide range of developers into the program gradually over the coming weeks or months but hasn't gone into much detail about the criteria it's using to pick people other than not solely focusing on makers of AAA games.