Tesla's operating profit dropped 60% in the July-September period, according to Nikkei, which attributed the decline to increased AI investment, with EV sales also falling. Tesla's CFO said energy gross margins improved from 20.4% to 33.1%, primarily due to tariff refunds and warranty true-downs.
Tesla Operating Profit Falls 60% in July-September on Higher AI InvestmentAI News
Tesla's operating profit dropped 60% in the July-September period, according to Nikkei, which attributed the decline to increased AI investment, with EV sales also falling. Tesla's CFO said energy gross margins improved from 20.4% to 33.1%, primarily due to tariff refunds and warranty true-downs.