💼 Business · Axios
Tesla earnings rise, but AI expenses add up for Elon Musk - Axios
Tesla reported an uptick in quarterly revenue and profit, but the costs of pivoting to an AI future are starting to add up.
Driving the news: The company reported Q1 revenue of $22.4 billion, up 16% from a year earlier.
- Net income totaled $477 million, up 17%, but operating expenses ballooned 37%, to $3.78 billio…
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