FinanceThe Next Webabout 1 hour ago
Tesla Profit Falls 43% Amid Robot Build
4 min read
Tesla's third-quarter profit fell 43% to $787 million as the company spent heavily on AI and robots. Executives confirmed high-volume production of Optimus robots in Fremont, California, while aiming to deliver Cybercabs by year-end. Operating expenses rose 39% to $4.78 billion, driven by $2.76 billion in research and development costs.
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