NDTV·1 min read·medium
Tesla Profit Falls As Musk Ramps Up Spending On AI, Robotaxis
✦AI Summary
Tesla reported a 12% decline in second-quarter profits as the company significantly increased spending on research and development. Despite the profit dip, revenue and vehicle sales figures managed to exceed Wall Street's expectations.
Tesla's second-quarter profit dropped 12% as R&D spending jumped 49%, even as revenue and vehicle sales beat Wall Street expectations
businesstechnology
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