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Company Losses

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Tesla's Earnings Drop Despite Record Revenue and Future Robotaxi Plans
business4 months ago

Tesla's Earnings Drop Despite Record Revenue and Future Robotaxi Plans

Tesla's recent financial disclosures reveal that Elon Musk's lobbying efforts against EV-friendly regulations have resulted in a $1.4 billion loss in revenue due to reduced regulatory credits, and his political activities have also damaged Tesla's brand and sales globally. Despite this, Musk plans to extract up to $1 trillion from Tesla shareholders through stock grants, further risking the company's future.