Sales rise 2% to $25.5bn in the latest quarter but profits drop, as Elon Musk plans to donate tens of millions to Trump
Earnings at Tesla almost halved as discounts and price cuts pile pressure on the electric carmaker’s profit margins.
The company, led by Elon Musk, has sought to drum up interest in its plans for robotaxis, artificial intelligence and “genuinely useful” humanoid robots as deliveries slipped amid cooling demand.
More Stories
In the red: global wine sales fall to lowest levels since 1961
China accuses UK politicians of ‘arrogance’ in British Steel row
Revealed: Big tech’s new datacentres will take water from the world’s driest areas