Il più grande venditore di sempre. Net income dropped 61% from a year earlier, automotive revenue slid 11%, and total deliveries fell by double digits. Costs rose, operating leverage worked in reverse, and the car business looked stuck in a familiar grind of pricing pressure, higher expenses, and softer demand. It also published an ambitious map of cities it hopes to serve in 2026. That debate didn’t slow the rally, only reinforcing the point that Tesla is still being priced on optionality, not confirmation.