New Delhi, Oct. 23 -- Tesla reported a hefty drop in profits Wednesday, citing a drag from tariffs and other expenses that more than offset increased auto sales. Elon Musk's electric car company reported profits of $1.4 billion.

Besides tariffs, the company's earnings press release cited higher restructuring expenses and lower revenues from regulatory credits as factors in the profits, which lagged analyst expectations.

Published by HT Digital Content Services with permission from MINT....