Telsa Q3 profit down more than a third despite record $28.1B revenue

Răzvan Țupa

Oct. 23 (UPI) -- Tesla reported profits were down 37% in the third quarter despite a jump in revenue to $28.1 billion on frontloading of sales driven by buyers racing to beat the deadline for a federal tax credit before it expired Sept. 30. The tax credit, worth up to $7,500 on EV purchases, helped the firm buck a run of declining quarterly sales along with a new six-seat version of its popular Model Y midsize SUV that performed well in the Chinese market. While sales of competitors, including

Tesla profits slide despite record revenue http://www.bbc.com - 23.10.2025 00:56

din zilele anterioare

Tesla profits slide despite record revenue http://www.bbc.com - 23.10.2025 00:56