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Tesla's profits fall as Optimus robot spending rises

First reported Source: TechCrunch + 1 moreLast editorial activity Write a comment ↓
Studio shot of a humanoid robot with glowing eyes against a dark background, offering ample copyspace.
Illustrative photo.Photo by Pavel Danilyuk on PexelsTesla logo shown for identification only; no affiliation with or endorsement of WORLDTECH is implied.

Tesla's revenue was flat in the period reported, while its expenses rose sharply as the company accelerated work on its Optimus robots, artificial intelligence and autonomous driving, according to TechCrunch.

Spending rises as revenue stalls

According to TechCrunch, Tesla's revenue did not grow, while its costs climbed steeply as the company pushed harder on three programmes: the Optimus humanoid robots, its artificial intelligence work and autonomous driving.

Tesla is an automotive and solar company headquartered in Palo Alto. It was founded in 2003.

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