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Tesla earnings rise, but AI expenses add up for Elon Musk - Axios

Tesla reported an uptick in quarterly revenue and profit, but the costs of pivoting to an AI future are starting to add up.

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Driving the news: The company reported Q1 revenue of $22.4 billion, up 16% from a year earlier.
  • Net income totaled $477 million, up 17%, but operating expenses ballooned 37%, to $3.78 billio… [+1945 chars]

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