There was a lot missing from Tesla’s
third-quarter earnings call.
CEO Elon Musk said nothing about demand for the company’s electric vehicles after a key federal tax credit expired last month. There was no mention of the Cybertruck or the impact of tariffs on auto parts. Investors got no sign for how the fourth quarter is shaping up.
That all helps explain why the stock sank almost 4% in extended trading.
Rather than focus on sales, margins and earnings (which missed estimates), Musk took a familiar path, making bold promises and laying out his futuristic vision for the business. It starts with robotaxis, and Musk’s view that skeptical investors and much of the public fail to see what’s coming.
