Tesla profit falls short again as Musk demands investor patience

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Tesla profit falls short again as Musk demands investor patience - Business Mirror

Quick Summary:

Tesla Inc.reported its fourth straight quarter of disappointing profits on Tuesday, and Chief Executive Officer Elon Musk made clear that better days are still a ways off.

Musk formally endorsed Trump after the former president was shot during a campaign rally in Pennsylvania earlier this month, and is involved with America PAC, a political action committee backing Trump.

It also said its new Cybertruck is on track to make a profit by the end of the year while plans for a lower-cost vehicle are moving ahead, with production expected to start in the first half of 2025.