Tesla profit falls 37% to $1.4 billion on higher costs, tariffs despite record sales
Published on 23/10/2025 02:02 AM
Tesla reported a hefty drop in profits Wednesday, citing a drag from tariffs and other expenses that more than offset increased auto sales. Elon Musk's electric car company reported profits of $1.4 billion.
Besides tariffs, the company's earnings press release cited higher restructuring expenses and lower revenues from regulatory credits as factors in the profits, which lagged analyst expectations.
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