• News aggregator on electric cars and electric vehicles (cars, motorcycles, boats, planes).

Tesla’s Q3 earnings report is out: solid profits, but lower-than-expected revenues

ArenaEV
Tesla’s third-quarter earnings report is out, showing revenue was slightly short of expectations, but profitability was great. Tesla raked in $25.18 billion, compared to the anticipated $25.4 billion, but it made $2.17 billion in net profit, significantly above the analysts’ consensus. The record gross margin of 19.8% was the most significant contributor. Tesla’s vehicle deliveries in Q3 were also positive.… Read more…

Bookmark the permalink.

Comments are closed.