Reported about 17 hours ago
Tesla's stock fell nearly 3% following mixed third-quarter earnings results that showed revenue of $28.01 billion, above expectations, but earnings per share of $0.50, below estimates. The company mentioned a significant decline in operating profit due to reduced regulatory emissions credit revenue and a tariff of $400 million. Despite the challenges, CEO Elon Musk provided updates on the company’s Robotaxi initiative, indicating plans to drastically expand service areas by the end of the year, including locations without safety drivers.
Source: YAHOO