Tesla's Q3 Earnings: Revenue and Profit Miss Estimates, Cybertruck Deliveries on Track
TL;DR Summary
Tesla reported Q3 revenue of $23.4 billion, missing estimates, and adjusted earnings per share of $0.66, lower than expected. The company's profitability dropped nearly 30% compared to last year, possibly due to cost-cutting efforts. Tesla reiterated its 2023 production goal of 1.8 million vehicles and announced that Cybertruck deliveries will begin in November. The company will need a strong quarter to meet its annual delivery goal.
- Tesla earnings: Q3 revenue and profit miss estimates; Cybertruck deliveries 'on track' for later this year Yahoo Finance
- Tesla misses on earnings as margins drop from last year CNBC
- Tesla Earnings Preview: Profits Weighed Down by Price Cuts, EV Demand Softness - WSJ The Wall Street Journal
- Tesla earnings miss the mark, but stock rallies after margins hold MarketWatch
- Tesla's net income slumped 44% in the 3rd quarter as lower prices ate into the automaker's profits Yahoo Finance
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