Tesla Posts Record Revenue but Disappointing Profits As Musk Now Wants a "Robot Army"

Tesla delivered mixed third-quarter earnings, with increased revenue due to record sales as people rushed to buy an EV before the tax credit expired on September 30. However, profits plunged 37% as Tesla increased spending while also losing carbon credit revenue. The earnings call was notable for lacking guidance on new vehicle models, as Tesla is now busy building a "robot army" for Musk. Tesla has ... (continue reading...)

Tesla Posts Record Revenue but Disappointing Profits As Musk Now Wants a "Robot Army"
Tesla delivered mixed third-quarter earnings, with increased revenue due to record sales as people rushed to buy an EV before the tax credit expired on September 30. However, profits plunged 37% as Tesla increased spending while also losing carbon credit revenue. The earnings call was notable for lacking guidance on new vehicle models, as Tesla is now busy building a "robot army" for Musk. Tesla has ... (continue reading...)

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