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Tesla reports steep drop in profits despite US rush to buy electric vehicles

The Guardian Technology•Wednesday, October 22, 2025 at 11:41:12 PM
NegativeTechnology
Tesla reports steep drop in profits despite US rush to buy electric vehicles
Tesla has reported a significant drop in profits despite exceeding revenue expectations, with over $26 billion in sales. This decline comes even as the company experienced a surge in vehicle sales, driven by consumers rushing to purchase electric vehicles before a US tax credit expires. While the increased sales are a positive sign for the electric vehicle market, the failure to meet earnings expectations raises concerns about Tesla's profitability and future growth, making this news particularly noteworthy for investors and industry watchers.
— Curated by the World Pulse Now AI Editorial System
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