Tesla Q3 Earnings: Profit Slump Overshadows Record Deliveries
Tesla's third-quarter earnings revealed a stark contradiction between operational scale and profitability. While revenue climbed 12% year-over-year to $28.1 billion—driven by record vehicle deliveries and energy storage expansion—operating profit collapsed by 40% to $1.62 billion. The EV maker's shares dropped 3% in early trading as earnings per share of $0.50 missed analyst expectations.
Free cash FLOW surged from $146 million to $4 billion, signaling robust liquidity for expansion. Elon Musk doubled down on autonomous vehicle ambitions during the call, though Wall Street remained unimpressed. Jefferies analyst Philippe Houchois dismissed the update as containing "more repetition than news," reflecting market fatigue with Tesla's recurring themes.
