Tesla’s profits slip on weaker vehicle sales

Tesla reported flat revenue as profits slipped due to weaker vehicle sales. The carmaker's operating income experienced a 56% year-over-year decline, driven by rising costs in AI and research and development. Amidst these financial pressures, Tesla is currently considering a potential merger with SpaceX. The company continues to navigate a challenging environment where increased spending on innovation and shifting sales trends are impacting its overall bottom line and operational profitability during this period.