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BiyaPay Analyst: Profit Plunges by 40%, Operating Expenses Surge by 50%, Musk Still Firmly Defends Trillion-Dollar Pay
BlockBeats News, October 25th: During Tesla's earnings call on October 23rd, a scene of "executive interruption" occurred. Elon Musk suddenly interrupted the CFO's speech at the end of the meeting to defend his $1 trillion compensation plan, stating the need for "sufficient voting control" to maintain influence, and criticizing advisory firms suggesting shareholder rejection.
The data shows that Tesla's third-quarter operating profit plummeted by 40%, operating expenses surged by 50%, tariff impacts exceeded $400 million, and the electric vehicle business was under significant pressure. The stock price has experienced dramatic changes in the days following the financial report. Although it has risen 9% year-to-date, it still lags behind the S&P 500 Index by 14%. The focus of this earnings call was originally on AI, humanoid robots, and autonomous driving, but it sparked a market shock due to Musk's "high-profile defense of his compensation." The proposal will be voted on at the Austin shareholders' meeting on November 6th.
BiyaPay Analyst reminds investors that in the increasingly volatile U.S. stock market environment, they can flexibly use BiyaPay-supported zero-fee digital currency spot contract trading and easily participate in the U.S. stock, Hong Kong stock, and futures markets through USDT, diversifying their global asset opportunities.
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