Elon Musk To Tesla Shareholders
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Tesla delivered 497,099 EVs in the period, a significant increase from the 462,890 cars it delivered in the year-ago period and well ahead of analyst expectations for fewer than 440,000. Wall Street has been expecting strong numbers since the company released those third-quarter delivery results earlier this month.
Tesla is still predicting they will go unsupervised this year in Austin. Their crash numbers don't say they should
Tesla’s net income dropped 37% in the third quarter despite growing vehicle sales, marring an otherwise record-setting quarter for the company ahead of a November vote on a new pay package for Chief Executive Elon Musk that could be worth as much as $1 trillion.
Tesla reported third-quarter earnings Wednesday that fell short of economists’ expectations, the first of the world’s largest firms to post third-quarter earnings, following a historic rise in quarterly deliveries in the lead-up to electric vehicle tax credits expiring.
Tesla's profit actually fell 37% compared to the same period last year, despite buyers rushing to take advantage of the expiring EV tax credit.
Tesla said Wednesday that its profit sank in the third quarter after it cut car prices to lift sales. Profit fell to $1.4 billion from $2.2 billion a year earlier, a drop of 37 percent, the company said. Sales rose to $28.1 billion from $25.2 billion.
Egan-Jones split from ISS and Glass Lewis over Elon Musk's $1 trillion Tesla award, saying it ties pay to bold performance goals.
Tesla Inc.’s profit plunged more than expected as sharply rising costs undercut a record quarter of vehicle sales.
Tesla reported a profitable third quarter today — its first this year — as shoppers scrambled to snatch up the company’s EVs in record numbers before the federal EV tax credit expired.
Tesla reported record third-quarter revenue that beat Wall Street estimates on Wednesday, driven by the highest quarterly sales of its electric vehicles as U.S. buyers rushed to lock in a key tax credit ahead of its expiry last month.
Tesla's revenue rose 12% year on year, the first increase in three quarters. Despite that, net income plunged 37% from a year earlier.