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Tesla profit falls despite record sales. The good news for Tesla: It sold a record number of cars last quarter as customers raced to get new EVs ahead of the expiration of a government tax credit, pushing its revenue up 12% from the same time last year to $28 billion. The bad news: Its costs soared too, leaving its profit 37% down compared to a year earlier. Nonetheless, Elon Musk looked toward the future, stressing to investors that he expects to build AI, humanoid robots, and fully self-driving cars. And despite the profit setback, Musk stressed that he should still get a new pay package that would give him $1 trillion and more control of the company, saying, “I don’t feel comfortable building that robot army if I don’t have, at least, influence over it.”
US expands campaign against accused drug boats to the Pacific. Defense Secretary Pete Hegseth posted a video on X of a strike on a boat in the Eastern Pacific that he said was “known by our intelligence to be involved in illicit narcotics smuggling.” The strike, which killed two people on board, was the eighth one the Trump administration has carried out on a boat allegedly carrying drugs, but all the others were in the Caribbean Sea. Legal experts and members of Congress have questioned whether the strikes are lawful since they began last month, but the administration says it is relying on a legal opinion that it can treat drug traffickers like enemy combatants in a war rather than as criminals.
Meta cuts ~600 jobs in its AI unit. While AI jobs might seem like they should be the safest jobs out there, Meta is conducting mass layoffs in its AI unit even as it pours billions into the tech. But it’s not a sign the company is backing off on AI. Rather, Axios reports that Mark Zuckerberg wasn’t satisfied with its longstanding AI efforts, and has been reshaping its push by starting a new lab and luring talent from competitors with headline-making multimillion-dollar compensation packages. Reducing the size of the team will help get decisions made more efficiently, Meta’s chief AI officer Alexandr Wang—who was recently brought in himself through Meta’s $14.3 billion investment in his company—wrote in a memo to staff.—AR
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