Tesla reported record vehicle sales but struggled with high costs, leading to a significant decline in profit. Despite this, CEO Elon Musk focused on ambitious projects like humanoid robots and AI programs during the company’s earnings call. He also asked investors to back his massive compensation package, leaving many wondering how Tesla plans to revitalize its core business of selling electric vehicles, which has seen a 40% drop in operating profit.
Source: https://www.bloomberg.com/news/articles/2025-10-22/tesla-earnings-miss-despite-record-third-quarter-sales-surge