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Plus, the Tesla CEO addresses pending acquisition of Twitter on earnings call.
After the closing bell, Tesla held its third-quarter earnings, revealing lower revenue than expected and delivering fewer vehicles in the third quarter. The company’s reported gross margin was 27.9%, down from 30.5% last year. Analysts at RefinitivIt had forecasted $3.5 billion in earnings, while the company reported adjusted earnings of $3.7 billion, up 75% from last year. RefinitivIt had also overestimated Tesla’s revenue, which fell short of expected with $21.45 billion versus $21.96 billion. Tesla’s earnings of $1.05 a share are up from 62 cents from the previous year.
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