According to Decrypt, Tesla’s profit dropped 43% in the latest quarter compared to the previous period. The company reported earnings of $787 million, down from $1.37 billion a year earlier. The decline reflects higher spending related to robotics development and self-driving car initiatives.
Production of Optimus, Tesla’s humanoid robot prototype, is underway. In addition, the company intends to deliver Cybercabs—fully autonomous passenger vehicles—to customers by the end of the calendar year.
