Tesla Faces Earnings Headwinds Despite Record Sales

3 days ago

Tom Keane

"TSLA down nearly 4%. So, here's the thing. It was a record quarter of vehicle sales, but profit fell. That extended the string of weaker than expected profit to four quarters in a row. There was a 40% drop in operating profit while expenses soared 50% to 3.4 billion in the quarter with tariff costs exceeding $400 million for Tesla. I don\'t think it\'s about being a car company anymore; he\'s trying to get them to focus on all the other things."

The speaker highlights Tesla's declining profitability despite record sales, noting significant drops in operating profit and soaring expenses, which leads to a bearish view on the company as its core automotive business appears neglected.

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