The automaker earlier reported a record-setting number of vehicle deliveries through the quarter.
Tesla has returned to favor on Wall Street after a brutal start to the year.
Tesla posted all-time highs in vehicle deliveries and energy storage deployments in Q3, lifting revenue, but compressed automotive margins and a pull-forward surge before U.S. EV…
Carmaker exceeded Wall Street’s expectations with more than $26bn in revenue, but saw a 37% drop in profits
Elon Musk's electric car maker reported record revenue as US buyers rushed to secure a key tax credit.
Tesla's revenue rose 12% year on year, the first increase in three quarters. Despite that, net income plunged 37% from a year earlier.
Tesla buyers rushing to take advantage of a $7,500 tax credit before it was eliminated by Donald Trump's omnibus spending bill saw Q3 revenue hit a new record.
Shares slipped after the EV maker reported third-quarter adjusted earnings of 50 cents per share, missing the 54 cents per share analysts expected.
Elon Musk’s automaker reported a mixed bag for quarterly earnings, despite earlier posting a record-breaking tally for sales.