Tesla reported better-than-expected third-quarter earnings, with adjusted earnings per share that beat analysts' estimates. Revenue, however, came in slightly below expectations. Tesla's profit margins were boosted by over $700 million in automotive regulatory credit revenue as automakers bought credits from Tesla. CEO Elon Musk hinted at 20 to 30% vehicle growth next year due to autonomy and lower-cost vehicles. Tesla's Cybertruck became the third-best-selling fully electric vehicle in the U.S., Tesla announced that the Cybertruck became the third-best-selling fully electric vehicle in the U.S., trailing only the Model 3 and Model Y.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla reported better-than-expected third-quarter earnings with adjusted earnings per share that beat
00:06analysts' estimates. Revenue, however, came in slightly below expectations. Tesla's profit
00:12margins were boosted by over $700 million in automotive regulatory credit revenue as automakers
00:18buy credits from Tesla. CEO Elon Musk hinted at 20 to 30 percent vehicle growth next year due to
00:24autonomy and lower-cost vehicles. Tesla announced that the Cybertruck became the third best-selling
00:29fully-electric vehicle in the U.S., trailing only the Model 3 and Model Y.
00:33For all things money, visit Benzinga.com slash GSTV.