Tesla's Profits Drop Despite Record Sales and Revenue
Tesla achieved record vehicle deliveries and revenue in Q3 2025, but net income fell 37% due to lower EV prices, higher R&D spending, and tariffs. CEO Elon Musk announced plans to deploy fully driverless robotaxis in multiple states by year's end and revealed the manufacturing of Tesla's AI5 chip in Texas and Arizona, aiming to supplement its vehicle and robot production.