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.

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