Tesla profit plunges as Musk explores SpaceX merger

faz.net (German) —

Tesla reported a sharp drop in quarterly profit, while Elon Musk announced the company is exploring a merger with his space firm SpaceX. The automaker's net income fell 43 percent. Revenue was nearly flat at $28.0 billion, with auto sales down three percent. Tesla blamed a battery shortage for weaker deliveries of 487,000 vehicles. The stock initially rose after hours before turning negative. SpaceX, by contrast, showed rapid growth with revenue of $14.6 billion and a $4.4 billion profit. Musk cited potential synergies, though no deal terms have been agreed. Tesla also highlighted robotaxis and robots as future focuses.


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