Reported about 9 hours ago
Tesla reported a record $28.1 billion in revenue for Q3, boosted by high electric vehicle sales as U.S. customers rushed to take advantage of an expiring tax credit. However, the company's profit fell short of expectations due to rising tariffs, research costs, and a decline in income from regulatory credits. Despite introducing lower-cost vehicle variants to stimulate demand, analysts caution that this could hurt profit margins. Tesla also aims to ramp up production of its upcoming Cybercab and robotaxi technologies in the coming years.
Source: YAHOO