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Tesla reports third straight quarter of profit decline, citing political issues and loss of EV incentives.
Tesla's profit and revenue fell by 16% and 12%, respectively, in the latest quarter, marking three consecutive quarters of profit decline.
CEO Elon Musk attributes the drop to political controversies and the suspension of EV incentives.
Despite the challenges, Tesla plans to launch a cheaper car model and aims for regulatory approval of its Full Self-Driving software in Europe by the end of the year.
The company's robotaxi business, which Musk views as the future, has yet to become profitable.
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Tesla reporta el tercer trimestre consecutivo de caída de ganancias, citando problemas políticos y pérdida de incentivos para los vehículos eléctricos.