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“Tesla's revenue boost is offset by rising operating expenses and capital expenditures as it launches new products.”
Tesla's 26% boost in revenue wasn't enough to offset rising operating expenses and capital expenditures as it pushes to launch a new generation of products.
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Originally reported by TechCrunch
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Tesla's revenue increased by 26%
Operating expenses and capital expenditures are rising
Production timelines for Cybercab, Semi, and Megapack are slipping
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