Tesla's Profit Dip Masks Strong Growth | Annapolis News

Tesla’s profits dipped slightly last quarter despite a massive 26% revenue surge, driven by booming Model Y and Model 3 sales—especially in Europe, where rising gas prices made EVs more appealing. While net income fell to $1.1 billion from $1.17 billion a year ago due to heavy R&D investment, energy storage and battery revenue climbed 13%, and Full Self-Driving subscriptions are gaining traction in the U.S. The company is aggressively scaling its future bets: robotaxi services now operate in seven major U.S. cities, Optimus robot production is slated for later this year, and Cybercab and Tesla Semi are on the horizon. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d935a0d65a6f023c