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Tesla profit falls despite record sales

Financial Express Bengaluru

October 24, 2025

ELON MUSK’S EV MAKER HIT BY US TARIFFS, LOST CREDITS AND AI INVESTMENTS

- KARA CARLSON

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.

Denne historien er fra October 24, 2025-utgaven av Financial Express Bengaluru.

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Financial Express Bengaluru

Russia won’t bow to US pressure: Putin

PRESIDENT VLADIMIR PUTIN said on Thursday that Russia would never bow to pressure from the United States or any other country, and cautioned that the response to any strikes deep into Russia would be very serious and overwhelming.

1 min

October 24, 2025

Financial Express Bengaluru

Govt approves ₹79,000-crore weapons procurement

INDIA ON THURSDAY cleared proposals to procure weapons and military hardware worth %79,000 crore, including Nag missiles, amphibious warfare ships and electronic intelligence and surveillance systems, to boost the combat capabilities of the military.

1 min

October 24, 2025

Financial Express Bengaluru

Ellison’s Paramount seen as front-runner for Warner Bros deal

DAVID ELLISON'S PARAMOUNT Skydance is seen as the top contender to buy Warner Bros Discovery(WBD), with analysts and experts saying the tech scion’s access to deep pockets and Washington ties give him an edge in what could be the media industry’s biggest merger in years.

1 mins

October 24, 2025

Financial Express Bengaluru

Eli Lilly’s weight-loss drug

ACHIN GUPTA, GLOBAL chief operating officer at Cipla, said that with the introduction of Yurpeak, the company is stepping into obesity care with the same scale that has defined its efforts in respiratory and chronic therapies.

1 min

October 24, 2025

Financial Express Bengaluru

Salaries soaring, yet seasoned RMs hard to come by

Growing wealth management industry creates demand for relationship managers

2 mins

October 24, 2025

Financial Express Bengaluru

Delhi's air quality remains 'very poor'

DELHI'S AIR QUALITY showed a slight improvement on Thursday but remained in the “very poor” category for the fourth consecutive day, aided by stronger surface winds that helped disperse pollutants.

1 min

October 24, 2025

Financial Express Bengaluru

Crude surges 5%, OPEC ready to up output, if needed

WITH OIL PRICES surging around 5% to a two-week high on Thursday after the US imposed sanctions on major Russian suppliers Rosneft and Lukoil over Russia’s war in Ukraine, the OPEC said it is ready to raise production by rolling back output cuts further, if required, to address market shortfalls.

1 min

October 24, 2025

Financial Express Bengaluru

HUL profit up 3% on one-time tax gain

Q2 REVENUE STAYS FLAT ON GST DISRUPTIONS

1 mins

October 24, 2025

Financial Express Bengaluru

Colgate profit drops 17%, revenue falls on GST hit

COLGATE-PALMOLIVE (INDIA) on Thursday reported a nearly 17% fall in its September quarter net profit at ₹328 crore versus ₹395 crore in the year-ago period.

1 mins

October 24, 2025

Financial Express Bengaluru