Spiced Kopi Today's briefing

Business Times·Business

Tesla cuts spending ahead of possible SpaceX deal

Summarised by Spiced Kopi · ·10 sec listen

Tesla cuts spending ahead of possible SpaceX deal

Tesla is trimming spending as it weighs a possible deal involving SpaceX, while Elon Musk continues to prioritize artificial intelligence and robots. Revenue was flat for the year, and net income fell 43%, though adjusted earnings beat analyst expectations.

Read the full report at Business Times

This card is an AI-assisted summary of reporting published by Business Times. Read the original report before relying on it for medical, legal, financial, safety, or emergency decisions.