Tesla beats Q2 revenue estimates but faces shrinking margins amid price cuts

Tesla reported Q2 revenue of $24.9 billion, exceeding expectations but seeing declining profit margins.
To drive demand, Tesla has cut prices globally, boosting sales but impacting margins and earnings per share.
Competition in the EV market is rising, prompting discounts, though Tesla maintains its market lead.
Tesla's valuation remains high despite margin pressures, concerning some analysts.
Musk hinted at further price decreases to prioritize volume, aiming to collect more data for full self-driving capabilities.