Tesla has released its latest earnings report, revealing a significant 37% drop in profits despite achieving record sales. The company experienced revenue growth, largely fueled by a rush of consumers claiming expiring EV tax credits. However, the disappointing earnings have led to a decline in stock prices, as analysts and investors express concerns about rising costs and the potential impact on future margins. CEO Elon Musk remains optimistic about upcoming initiatives, including advancements in robotaxi and AI, but the overall sentiment is cautious as shareholders digest the mixed results.