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Tesla’s Profit Dip Amid Big Future Bets | Auckland News
Tesla’s latest earnings report hit a snag—despite a record $28.2 billion in revenue, profits fell short of expectations, sending the stock down after hours. Price cuts, weaker regulatory credits, and unexpected warranty costs dented earnings, while capital spending nearly doubled to $5.8 billion to fuel rapid expansion. Elon Musk calls it the fastest industrial scale-up in U.S. history since WWII, including the $20 billion Austin chip project, Terabab, teaming SpaceX and xAI. Still, Tesla’s pushing ahead: Cybercab production has begun in Texas, the Semi truck is on track for 2026, and Full…
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