Tesla revenue up 26% but rising costs and production delays weigh on finances

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Tesla reported a 26% increase in revenue but struggled to offset surging operating expenses and capital expenditures. The company is facing delays in the production timelines for several major upcoming products, including the Cybercab, Semi, and Megapack. Higher spending is tied to Tesla's push to bring a new generation of vehicles and energy products to market. The cost increases have outpaced revenue growth, putting pressure on the company's overall financial performance.

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