Tesla’s latest quarterly numbers beat analyst expectations on both revenue and earnings per share, bringing in $8.77 billion in revenues for the third quarter. With the report that Tesla had already beaten Wall Street’s expectations for deliveries earlier this month, the question for today’s earnings call was how much efficiency (and by extension, profit) the electric car and battery company was able to wring out of its manufacturing processes. Now we have the answer, as Tesla reported net income of $331 million* on revenues of $8.77 billion for the third quarter.
Topics: cnbc revenue energy megawatt we u.s q3 mw solar roof operating austin brandenburg germany earlier yesterday gmc hummer ev september mustang mach e mustang mach-e lucid motors air model s tesla wall street wall street s elon musk ford latest numbers quarter company expectations deliveries battery billion business vehicles price earnings electric beat production manufacturing fully reported deployments period grew expected efficiency million month income hours competitive improving stay storage marked executive vehicle chief delivery road year improvement operations expenses
BING NEWS:
- Tesla Finally Turns On Support for Matrix-LED Adaptive Headlights in the US and Canada
I'm sure the new update will make many Tesla owners happy, but not all. Those who use the latest FSD builds will not benefit until Tesla launches a superior build on the latest feature update.
06/3/2024 - 10:05 pm | View Link - The full list of major US companies slashing staff this year, from Tesla and Lucid Motors to Google and Apple
Hyams said the latest cuts will be more concentrated in the US and primarily affect R&D and Go-to-Market teams. That's in contrast to last year's across-the-board reduction of 2,200 workers.
05/23/2024 - 1:01 pm | View Link - More
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