Tesla’s Profit Drops 43% as Musk Starts Building Robots and Plans to Sell Driverless Cabs
AI summary
Tesla reported quarterly profit of $787 million, down 43% from $1.37 billion a year earlier, as spending on robots and self-driving cars surged. The company said its Optimus robot is now in production and it aims to deliver Cybercabs to customers by year-end. The results are a corporate earnings story with no direct crypto exposure, though Tesla's bitcoin holdings and Musk's market-moving profile keep it loosely relevant to digital-asset traders.
