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Elon Musk teases Tesla flying car: 'Crazy technology'
Fox Business· 2025-11-02 13:10
Group 1: Tesla's Innovations - Elon Musk hinted at the potential unveiling of a flying car, stating that the prototype demonstration will be "unforgettable" [1][4] - Musk mentioned that the flying car could be unveiled "in a couple months" and emphasized the advanced technology involved [4][7] Group 2: Financial Performance - Tesla reported record third-quarter revenue on October 22, surpassing Wall Street estimates, driven by the highest quarterly sales of electric vehicles [7] - Despite the revenue growth, Tesla's profit did not meet analysts' expectations due to tariff and research costs, as well as a decline in income from regulatory credits [8] - Demand for Tesla's vehicles is anticipated to decrease through the rest of the year, particularly without the tax credits that have significantly driven EV sales [9]