Tesla Posts Record Revenue But Profits Plunge Amid Tax Credit Rush
Tesla has delivered its biggest-ever quarterly revenue yet still saw profits tumble, highlighting the challenges facing the electric vehicle (EV) giant and CEO Elon Musk. For the third quarter, Tesla reported revenue of US$28.1 billion (A$43 billion), up 12% year-on-year, driven by record vehicle deliveries and surging energy-storage deployments. Free cash flow hit a record... Read More