Axios
US · 36 mins ago
Tesla's push into AI and robotics is proving costly
Tesla's massive investments in humanoid robots, self-driving cars and AI chips are hurting profits, but the company says it'll all pay off down the line.
Why it matters: CEO Elon Musk indicated he's "never been more optimistic about the future," but acknowledged the investments could lead to uneven results.
Zoom in: Tesla revenue jumped on record vehicle deliveries in the second quarter, but the company saw a significant dip in operating profit because of its heavy spending on R&D.
Tesla…
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