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Tesla profit falls despite record sales
Financial Express Lucknow
|October 24, 2025
ELON MUSK’S EV MAKER HIT BY US TARIFFS, LOST CREDITS AND AI INVESTMENTS
TESLA’S PROFIT PLUNGED despite a record quarter of vehicle sales, reflecting ongoing strains on the automotive business that Chief Executive Officer Elon Musk is shifting focus away from.
Musk spent much of Tesla’s third-quarter earnings call discussing ambitious but opaque initiatives, including humanoid robot and artificial intelligence programmes, and also pleaded with investors to back his trillion-dollar compensation package. But he offered few details about how Tesla will revive its core business selling electric vehicles after a 40% drop in operating profit.
“We're left with this lingering uncertainty regarding what the near-term growth drivers will be,” said Garrett Nelson, senior equity analyst at CFRA Research.
This story is from the October 24, 2025 edition of Financial Express Lucknow.
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