The Guardian logo
CNBC logo
Financial Times logo
6 articles
·1y

Tesla Reports Strong Third Quarter Earnings as Stock Surges

Tesla's third-quarter earnings exceed expectations, driving stock prices up amidst challenges in EV sales and political controversies surrounding Elon Musk.

Subscribe to unlock this story

We really don't like cutting you off, but you've reached your monthly limit. At just $5/month, subscriptions are how we keep this project going. Start your free 7-day trial today!

Get Started

Have an account? Sign in

Overview

A summary of the key points of this story verified across multiple sources.

Tesla reported a 17.3% increase in net income for the third quarter, totaling $2.17 billion despite facing challenges in electric vehicle sales. Revenue rose to $25.18 billion, although it fell short of analyst forecasts. After reporting better-than-expected earnings, the company’s stock surged over 9% in after-hours trading. Despite ongoing competition and economic headwinds, Tesla projects slight growth in vehicle deliveries for the year. The report follows a tumultuous period for the company, including political controversies involving CEO Elon Musk, which may influence consumer sentiment and future sales.

Written by AI using shared reports from
6 articles
.

Report issue

Pano Newsletter

Read both sides in 5 minutes each day

Analysis

Compare how each side frames the story — including which facts they emphasize or leave out.

Analysis unavailable for this viewpoint.

Articles (6)

Compare how different news outlets are covering this story.

History

See how this story has evolved over time.

  • This story does not have any previous versions.