Tesla Reports Decline in Operating Margin and Negative Free Cash Flow Amid Increased Spending
Tesla reported an operating margin decline to 1.4% year-over-year, driven by increased expenses related to AI research and development, despite a record revenue of $28.2 billion for the quarter. The company's shares fell about 14% following the report.
Tickers: $TSLA
Topics: ai_investment automotive electric_vehicles operating_income revenue_growth