Tesla profit falls short again as Elon Musk demands investor patience

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Tesla Inc reported its fourth consecutive quarter of disappointing profits on Tuesday, with CEO Elon Musk indicating that significant improvements are still some time away. The company will unveil a prototype of the much-anticipated robotaxi on October 10, but the actual product won’t be available for a while. Additionally, a new, lower-cost car aimed at boosting sales won’t begin production until at least the first half of next year.