Tesla reported lower third-quarter profits on Wednesday as Elon Musk's electric vehicle maker ramped up spending on artificial intelligence, robotics and autonomous transport.
The electric vehicle maker reported third-quarter net income attributable to shareholders of $787 million (€701 million), or 22 cents per share, down 43% from the year-earlier period. Besides marginally lower car sales, Tesla saw a drop in revenues from regulatory credits and energy generation and storage.
