Tesla’s earnings report today showed that the company’s third-quarter revenue hit a record high, but it still missed Wall Street’s expectations, mainly because deliveries were lower than expected, and spending on new factories and battery production squeezed. Profit margins… Tesla Motors reported total revenue of $21.454 billion in the third quarter, up 56% year over year. Net income attributable to common shareholders was $3.292 billion, an increase of 103% year-over-year, and higher than analysts’ expectations of $3.2 billion… In terms of deliveries, Tesla produced more than 365,000 vehicles in the third quarter and delivered more than 343,000 vehicles, a year-on-year increase of 42.4% and a month-on-month increase of 34.9%. However, the figure fell short of Wall Street expectations of about 358,000 vehicles.
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- 2022-10-19Tesla’s third-quarter revenue missed expectations
- 2022-10-03Tesla delivered over 340,000 vehicles in Q3, but the market value is still missing 500 billion
- 2022-07-25Tesla plans to increase spending by $1 billion to boost output at two new Texas and Berlin factories
- 2021-10-08Tesla headquarters “moved” to Texas, plans to sell 20 million cars by 2030
- 2021-07-28 Unaffected by negative news, Tesla’s sales in China account for half of the world’s
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