Elon Musk’s Tesla reports higher profits, confirms hefty spending ahead
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Tesla reported higher first-quarter profits on Wednesday, topping expectations as it confirmed plans for massive additional investments in autonomous transport, humanoid robotics and artificial intelligence.
South Africa-born Elon Musk’s electric vehicle company reported profits of $477 million, up 17 percent from the year-ago period, while revenues jumped 16 percent to $22.4 billion.
‘Record’ new subscriptions
Tesla said it was on track to commence “volume produ
South Africa-born Elon Musk’s electric vehicle company reported profits of $477 million, up 17 percent from the year-ago period, while revenues jumped 16 percent to $22.4 billion.
‘Record’ new subscriptions
Tesla said it was on track to commence “volume produ
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