Tesla posts record $28.1 billion revenue, but profit falls short amid rising costs
Tesla’s third-quarter revenue reached a record high thanks to strong EV sales, but profits were lower due to tariff and research costs and a decline in regulatory credit income. The company’s valuation of $1.45 trillion reflects investor confidence in CEO Elon Musk’s focus on robotics and AI. Tesla introduced cheaper vehicle options to counter a decrease in demand, but this may impact margins.