Tesla Faces Profit Decline Despite Record Revenue and Sales
Financial MarketsTeslaUpdated 4 hours ago

Tesla Faces Profit Decline Despite Record Revenue and Sales

Tesla has reported record revenue driven by a surge in U.S. electric vehicle purchases, yet profits have plummeted by 37% due to rising costs and the expiration of tax credits. This situation raises concerns about the company's long-term financial health as CEO Elon Musk shifts focus to developing a 'robot army,' potentially diverting attention from immediate profitability challenges.

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