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Tesla beat profit estimates for the third quarter, sending the stock up over 12% after hours. Elon Musk discussed FSD, Cybercab, and more on a call.
Tesla’s third-quarter net income rose 17.3% compared with a year ago on stronger electric vehicle sales, and an optimistic CEO Elon Musk predicted 20% to 30% sales growth next year. In its ...
Tesla reported third-quarter earnings Wednesday that topped analysts’ estimates even as revenue came in just shy of expectations.The stock popped 10.7% in premarket trading. Revenue increased 8% ...
It was Tesla’s first year-over-year quarterly profit increase of 2024, a year plagued by falling sales and prices. Revenue in the quarter rose 7.8% to $25.18 billion, falling short of Wall Street analysts who estimated it at $25.47 billion, according to FactSet.
The latest round of cost cutting trimmed Tesla’s operating margin, which represents how efficiently sales are turned into pretax profits, down to 7.6% in the third quarter. That’s down from 17 ...
Tesla recorded automotive gross margin excluding regulatory credits of 14.6% in the second quarter, compared with estimates of 16.29%, according to 20 analysts polled by Visible Alpha.
Tesla stock rocketed higher on Thursday on the back of several positive disclosures from the EV maker in its third quarter report.From a Q3 profit beat and improving margins to an improved growth ...
Tesla said it delivered 462,890 vehicles in Q3, up 6.4% quarter over quarter, to mark the first quarter of delivery growth this year. The numbers also came in ahead of the 435,059 EVs the company ...
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