Reported about 4 hours ago
Tesla reported disappointing Q3 earnings, with operating profit down 40% from the previous year, despite announcing advancements in its Robotaxi plans. CEO Elon Musk emphasized cautious deployment of these autonomous vehicles, targeting major cities for testing by year-end. Consequently, Tesla's stock fell over 5% in early trading. The company's revenue was stronger than expected, but lower emissions credit revenue and tariffs impacted profitability, raising concerns about future performance after the expiration of federal EV tax credits.
Source: YAHOO