Tesla profit plunges 43% as sales stagnate, Musk eyes robotaxis

shz.de (German) —

Tesla reported a 43% drop in third-quarter profit to $1.37 billion, while revenue stagnated at $28.05 billion. The decline follows a year-earlier period boosted by a US tax credit that expired in late September 2025. CEO Elon Musk confirmed speculation about a potential merger with SpaceX, which he also leads. Tesla deliveries surged 7.4% in the year-ago quarter as buyers rushed to claim the $7,500 incentive, leading to a subsequent sales slump. Tesla's quarterly revenue beat analyst expectations, and shares rose 1.6% in after-hours trading. Musk aims to pivot the company toward self-driving robotaxis and humanoid robots, though car sales remain the primary revenue source.


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Tesla profit plunges 43% as sales stagnate, Musk eyes robotaxis | News Minimalist