Tesla Earnings Miss Creates Caution

4 days ago

Isabelle Lee

"So, we can talk about Tesla first. Shares are down 2% in extended trading. So, the company posted third quarter profit that fell short of expectations. This is despite record EV sales. So, you know, again, this underlines the pressure that automakers like Tesla are facing with rising costs and just a lot of shifting policies from this administration. So, adjusted earnings were 50 cents a share. Analysts expected 54 cents on average. Revenue though outpaced expectations, 28 billion dollars. So, Tesla sees the results hinging on the broader economic environment. So, it's really looking a little shaky for them, but who knows? They're ramping up production for key products."

The insight highlights Tesla's earnings miss despite record EV sales, emphasizing increased pressure from rising costs and policy shifts. The discussion notes that while revenue beat expectations, the lower-than-expected profit and overall shaky outlook add caution for investors.

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