Automotive2 min reading time
Tesla sold 25% more cars and made 57% less operating profit. The AI spending is the reason.
The Next Web
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Tesla reported record Q2 vehicle deliveries and revenue growth but saw operating income drop 57% due to increased R&D spending on AI projects and reduced automotive margins. Regulatory credit revenue declined sharply, and while energy storage deployment increased, new ventures like robotaxis and humanoid robots have yet to generate significant revenue.
